China search leader Baidu (BIDU) certainly didn’t waste any time finding ways to spend some of the proceeds from its recent bond offering. On Tuesday, the company announced it would invest $3.2 billion over the next three years to bolster its offering of online-to-offline services by fortifying group-buying website Nuomi, which Baidu acquired for $160 million in 2014. “I took a look yesterday, and right now Baidu has over 50 billion RMB ($8
Imperva (IMPV) got a price target increase Tuesday as an analyst expects its security products and services to be in high demand. “We believe the market is transitioning from perimeter defense toward application and data protection, which should enable Imperva’s revenue growth to accelerate,” Piper Jaffray analyst Andrew Nowinski said in a research report Tuesday. “Following many of the high profile breaches in 2014, management has stated that
More shoes may drop involving Internet search deals in the wake of Microsoft’s Bing replacing Google at AOL, now owned by Verizon Communications (VZ). AOL said Monday that Bing will be its default search engine instead of Google (GOOGL) for the next 10 years. As part of the deal, AOL will take over nearly all of Microsoft’s (MSFT) display advertising business, including nearly 1,200 employees, mostly ad sales people. Verizon closed its AOL