Google cuts link to forge its own path in China – Joe Bolger
From The Times Online:
The sale of the stake comes two years after the Californian technology group bought a 2.6 per cent holding in Baidu, prompting speculation at the time that it could seek to take control of the rival.
Google sold its stake for about $60 million (¬£33 million), having paid $5 million for the holding in June 2004. [Full text]