Brief: Sohu.Com Says Preliminary Non-Binding Proposal To Acquire Changyou.Com

Sohu.com

09/09/2019 09:06

Sept 9 (Reuters) - Sohu.Com Ltd  SOHU.O :
    * SOHU.COM ANNOUNCES DELIVERY OF A PRELIMINARY NON-BINDING
PROPOSAL TO ACQUIRE CHANGYOU.COM LIMITED
    * NON-BINDING PROPOSAL FOR ALL OF OUTSTANDING CLASS A
ORDINARY
SHARES OF CHANGYOU FOR $5.00 PER CLASS A ORDINARY SHARE IN CASH
    * EXPECTS CHANGYOU'S BOARD OF DIRECTORS TO FORM A SPECIAL
COMMITTEE COMPOSED SOLELY OF INDEPENDENT DIRECTORS TO CONSIDER
SOHU'S PROPOSAL
    * PROPOSED TRANSACTION, IF COMPLETED, TO RESULT IN CHANGYOU
BECOMING A PRIVATELY-HELD, INDIRECT WHOLLY-OWNED SUBSIDIARY OF
SOHU

Source text for Eikon:  ID:nPnc9YJKra 
Further company coverage:  SOHU.O 

 ((Reuters.Briefs@thomsonreuters.com;))