Baidu Adds $2 Billion in Market Cap On Google's China Exit

Baidu (BIDU) has about 35 million shares outstanding.  As of this posting (9:30ish), the stock has opened up around 55 points higher to 440 a share.

So Google’s (GOOG) exit from China (which I believe to be a bluff, btw) is worth about $2 billion in market cap to Baidu?

Yeah, what the hell, why not?  Money is free and can be manufactured at will anyway…might as well make it $4 billion.  G’head, fling more cash at a Chinese search engine stock. 


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