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Rumor: Baidu to Invest in MVNO License Holder SoShare

TechWeb, 8/26/14

According to a company source, Chinese internet firm Baidu (Nasdaq: BIDU) plans to take a stake in SoShare Mobile, the mobile virtual network operator (MVNO) brand of Beijing-based SoShare Online. SoShare's MVNO services are currently being advertised on the homepage for Baidu's Post Bar BBS forum. A Baidu Post Bar-branded SoShare MVNO service package will be released on August 28.

Baidu and SoShare have not commented on the investment rumors.

Keywords: M&A wireless Baidu MVNO BIDU SoShare

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