iQiyi denies Baidu selling its stake

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Related news: Baidu plans to sell all of its shares in iQiyi at a valuation of $7 billion

Sina Technology News, June 15 afternoon news, today there are reports that Baidu Negotiations with potential investors to sell iQiyi holdings The entire stake in the latter is valued at about $7 billion. According to the documents, Baidu holds about 53% of iQiyi’s shares and has more than 90% of shareholders’ voting rights.

In response to this news, iQIYI responded: This news is not true, it is purely a rumor. Baidu has not responded yet.

Currently, iQIYI is listed on Nasdaq Listed with a market capitalization of approximately $4 billion.

It is worth noting that since 2020, iQiyi has been rumored to be sold by Baidu for many times, and the rumored receivers include Ali . , Tencent , byte beating. Among them, some companies have denied the rumors, such as ByteDance, which has responded that it is not true.

Regarding the sale, Baidu officials also responded to the rumors in November 2020: It is not true, iQiyi is an important part of Baidu’s content ecological strategy, and Baidu will continue to support the development of iQiyi.

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