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.