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Rumor: to Acquire Baidu Takeout Delivery This Week

iYiou, 8/21/17

Shanghai-based Rajax Information Technology, operator of online restaurant takeout delivery platform, could announce the acquisition of Chinese internet company Baidu's (Nasdaq: BIDU) O2O food delivery platform Baidu Takeout Delivery as soon as this week, according to China Business News citing a spokesperson from Baidu. After the acquisition, Baidu Takeout Delivery will continue operating independently for about one year.

When seeking confirmation of this news, online business news portal iYiou was told by to "please wait patiently for an official announcement" and had yet to receive a reply from Baidu Takeout Delivery.

Editor's Note: For more information on this topic, please see "Rumor: Baidu Takeout Delivery, Near Agreement on Merger Terms," MD 7/30/17 issue.

Keywords: Internet Baidu BIDU Rajax Baidu Takeout Delivery M&A food O2O

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