Baidu said eyeing Sina's Weibo

Investor's Business Daily

Chinese Internet search giant Baidu (BIDU) may use some of its newly raised bond funds for acquisitions. Web portal Sina's (SINA) Weibo.com microblog, or possibly all of Sina, is in its cross hairs, Credit Suisse said in a research note posted in part to Barron's website Mon. China's Kingsoft and UCWeb are also possible targets, the report said. Baidu in late Nov. raised $1.5 bil in 2 debt offerings. Sina's U.S. shares rose 3.9% and Baidu shares rose 1.3%.

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