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Baidu To Pay $437m For AC Milan

  • The Drum, Monday, July 18, 2016 8:45 AM

Chinese Internet business Baidu is reportedly paying $437 million for a 70% stake in A.C. Milan. The news was first reported by China's official CCTV on Friday, but has since also been picked up in Western media. The news channel reported: "Chinese investors' overseas sport investments show an upward trend."

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