Sohu says to take game developer Changyou private
24/01/2020 09:31
Jan 24 (Reuters) - China-based online media company Sohu.com
Ltd SOHU.O said on Friday it will take Changyou.com CYOU.O
private in an all-cash deal that values the company at about
$579 million.
Online game developer Changyou began as a business unit of
Sohu.com and was later separated. urn:newsml:reuters.com:*:nPn9FwfLfa
Sohu said it intends to fund the deal primarily with debt
financing.
(Reporting by Manojna Maddipatla in Bengaluru; Editing by
Shailesh Kuber)
((manojna.kalyani@thomsonreuters.com; within the U.S. +1 646
223 8780, outside the U.S. +91 80 6749 1692;))