Reuters

The network equipment company had been under pressure to sell from Paul Singer’s Elliott Management hedge fund.

The deal would give the fixed-line firm a strong position to return to the consumer mobile market.

The world’s No.3 smartphone maker is grappling with razor-thin margins.

The move comes as Facebook revamps its own search offerings.

No wrongdoing by Apple’s Canadian arm has been found so far.

“They are spooked,” a U.S. national security source tells Reuters.

The size of Baidu’s investment - and its valuation of Uber - are unknown.

The price fell shy of Christie’s estimate of $400,000 to $600,000.