Fast food order platform ele.me invested $800 million to buy Baidu fast food online platform
Baidu takeaway bondage rumors finally settled, has signed an agreement with hungry. Hungry, the final deal for Baidu take out was $800 million. The $200 million cash hungry $300 million additional shares after the completion of the transaction, Baidu shares accounted for hungry 5%. $300 million left, Baidu will pack some traffic entrance to resource hungry, at a price of $300 million, including Baidu, Baidu Nuomi, Baidu mobile phone map, for five years, Baidu search for two years. The total purchase price of $800 million.
It is worth noting that, the $800 million in 200 million dollars for cash, hungry, the issue of additional shares of $300 million, after the completion of the transaction, Baidu accounted for hungry, shares 5%, and the remaining $300 million lock for five years.
According to authoritative statistics, U.S., hungry, Baidu takeaway to occupy the market share of 94.1%, the fourth quarter of 2016 data show that the U.S. market share for 40.7%. in addition, hungry market share of approximately 35% market share, Baidu takeaway 18.4%. share Baidu takeaway is the U.S. group, are hungry a certain gap.
From the monthly coverage accounted, Baidu takeaway has significantly lagged behind the U.S. group and hungry for two, Baidu takeaway, its valuation of only $500 million last year, 1/4 of the offer, that do not sell on the more worthless.
Some industry analysts believe that Ali inject support hungry behind, the market share in recent years the rapid development of today’s acquisition of Baidu takeaway is designed to absorb its market share, after Baidu takeaway, hungry basically can form a match with the u.s..