Google sold all 749.625 shares from Chienese search engine leader baidu.com
Google bought the shares in 2004 for 5mio dollars, and has now sold them for 60mio dollars

Thanks Corsin for the info!

Google had a 2.6% stake in Baidu, which is not much and even $60 millions ain't much either. I wonder why Google dumped thoses shares, I am sure it's more of a political than a financial matter!

http://money.cnn.com/2006/06/22/news/international/google.reut/

Yeah, why would they wanna invest in other censored search engines now that they got their own...

Good Pointer Corsin!!

This is divestment strategy at play here. Why would Google want to divest a cash cow ?? I think that google will lead the way and may eventually pull out of china in a major way. This maybe the first indicators of an exist strategy.

Rememer the founders of google said that they made a bad decision on with china regime. So if they pull away totally and bycott china, then the rest of the world (MSFT/ YHOO, CISCO) etc will also have need to take a stance.

This is interest space to watch.. now