Google, the world’s leading search engine, on May 25 sold off its approximately 2 percent stake in rival search engine Baidu.com, Reuters reports via MSN Money.The news comes from Securities and Exchange Commission (SEC) filings released Wednesday, according to Reuters.Google filed a form 144 insider stock registration with the SEC that described the sale of its 749,625 Baidu Class A ordinary shares, Reuters reports.Google couldn’t legally sell its Baidu shares after its initial public offering (IPO) in August 2005 because it was a pre-IPO insider, according to Reuters. Google spokeswoman Debbie Frost said, “We have disposed of our modest investment in Baidu. It has always been our goal to grow our own successful business in China, and we are very focused on that,” according to Reuters.On the date of the sale, Google’s stake in Baidu was worth about $63 million, and the search heavy paid $5 million for the share in June 2004, Reuters reports. Google is by far the global leader in search, but Baidu currently owns the Chinese search space. Though Google at one time was considered a potential Baidu buyer, it is now attempting to make its own name in the country with its Google.cn Chinese-language search site, Reuters reports.Related Links: Google Kiddy Porn Suit Dropped by N.Y. Politico Google to Test Display Ads on Google VideoCheck out our CIO News Alerts and Tech Informer pages for more updated news coverage. Related content BrandPost How Infosys and Tennis Australia are harnessing technology for good By Veronica Lew Mar 26, 2023 6 mins Infosys BrandPost Retail innovation playbook: Fast, economical transformation on Microsoft Cloud For retailers, tight integration of data and systems is the antidote to a challenging economy. By Tata Consultancy Services Mar 24, 2023 3 mins Retail Industry Digital Transformation BrandPost How retailers are empowering business transformation with TCS and Microsoft Cloud AI-powered omnichannel integration and a strong, secure digital core lets retailers innovate across four primary areas while staying compliant, maintaining security and preventing fraud. By Tata Consultancy Services Mar 24, 2023 4 mins Retail Industry Cloud Computing BrandPost How to Build ROI from Cloud Migration This whitepaper and webcast can help you calculate the ROI and create a business case for modernizing your legacy applications to the Microsoft Cloud. By Tata Consultancy Services Mar 24, 2023 1 min Retail Industry Cloud Computing Podcasts Videos Resources Events SUBSCRIBE TO OUR NEWSLETTER From our editors straight to your inbox Get started by entering your email address below. Please enter a valid email address Subscribe