IQ Stock Down 4%, iQIYI Stake Acquisition Talks with Alibaba, Tencent on Hold
Baidu is demanding a payment of $20 billion for its stake in the video streaming platform as it controls approximately 56% of iQIYI.Shares of Chinese online video streaming platform iQIYI Inc (NASDAQ: IQ) are down approximately 4% during Friday’s pre-market to trade around $21.55. The fall in iQIYI stock price
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