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Baidu (BIDU) Surges On Reported Facebook Deal

April 11, 2011 8:22 AM EDT
Shares of Baidu, Inc. (Nasdaq: BIDU) are jumping higher in pre-open trade following reports from Sohu.com that Facebook has signed a deal the company to set up a social-networking website in China.

Shares of Baidu last traded at $147.50, up 4 percent.


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