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Sohu to acquire remaining outstanding shares of Changyou

Friday 24 January 2020 | 10:50 CET | News
Chinese online media, video, search and gaming business group Sohu has announced that its subsidiary Sohu Game have agreed to acquire all outstanding shares of Changyou that Sohu does not already own in an all-cash transaction implying an equity value of Changyou of USD 579 million. At the effective time of the merger, each Class A ordinary share of Changyou issued and outstanding immediately prior to the effective time, will be cancelled and cease to exist, in exchange for the right to receive USD 5.40 in cash without interest, and each outstanding American depositary share of Changyou will

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Categories: Internet
Companies: Sohu.com
Countries: China
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