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Stock impact report

Sohu.com Announces Delivery of A Preliminary Non-binding Proposal to Acquire Changyou.com Limited

Sohu.com Limited - American Depositary Shares (SOHU) 
Last sohu.com limited - american depositary shares earnings: 3/9 02:35 am Check Earnings Report
US:NASDAQ Investor Relations: investors.sohu.com
Company Research Source: PR Newswire
BEIJING, Sept. 9, 2019 /PRNewswire/ -- Sohu.com Limited (NASDAQ: SOHU) ("Sohu" or the "Company"), China's leading online media, video, search and gaming business group, today announced that it has submitted to the board of directors of its majority-owned subsidiary Changyou.com Limited (NASDAQ: CYOU) ("Changyou"), a leading online game developer and operator in China, a preliminary non-binding proposal to acquire all of the outstanding Class A ordinary shares of Changyou, including Class A ordinary shares represented by American Depositary Shares ("ADSs"), that are not already owned by Sohu for a purchase price of US$5.00 per Class A ordinary share, or US$10.00 per ADS, in cash. As Sohu holds all of the Class B ordinary shares of Changyou that are currently outstanding, the proposed transaction, if completed, would result in Changyou becoming a privately-held, indirect wholly-owned subsidiary of Sohu, and Changyou's ADSs would be delisted from the NASDAQ Global Select Market.The propo Show less Read more
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