Baidu (BIDU), Apple (AAPL) to Share Ad Sales for iPhone in China

June 14, 2012 7:20 AM EDT
Bloomberg is reporting Baidu's (Nasdaq: BIDU) Vice Pres Wang Jing said the company has agreed to shares ad sales with Apple (Nasdaq: AAPL) in China following news the search engine will be added to the iPhone.

Jing told Bloomberg the deal will have similar terms as agreements struck between Baidu and makers of handsets which use the Google (Nasdaq: GOOG) Android system.

Baidu shares are indicated to open about 0.9 percent lower Thursday morning. The stock is trading around $116.90 on the Nasdaq.

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