Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Nyse  >  Qihoo 360 Technology Co Ltd    

QIHOO 360 TECHNOLOGY CO LTD

SummaryNewsCompany 
SummaryMost relevantAll NewsPress ReleasesOfficial PublicationsSector news

Qihoo 360 Technology : Receives Further Update on Going Private Transaction

06/28/2016 | 06:20am EST

BEIJING, June 28, 2016 /PRNewswire/ -- Qihoo 360 Technology Co. Ltd. (the 'Company') (NYSE: QIHU), a leading Internet company in China, today announced its receipt of a further update from the buyer group on its proposed going private transaction. The buyer group has informed the Company that they are continuing to work diligently towards satisfying the remaining conditions precedent under the previously announced merger agreement and currently expect the merger to close before mid-August 2016.

About Qihoo 360

Qihoo 360 Technology Co. Ltd. (NYSE: QIHU) is a leading Internet company in China. The Company is also the number one provider of Internet and mobile security products in China as measured by its user base, according to iResearch. Qihoo 360 also provides users with secure access points to the Internet via its market leading web browsers and application stores. The Company has built one of the largest open Internet platforms in China and monetizes its massive user base primarily through online advertising and through Internet value-added services on its open platform.

Forward-looking Statements

This press release contains statements that express the Company's current opinions, expectations, beliefs, plans, objectives, assumptions or projections regarding future events or future results and therefore are, or may be deemed to be, 'forward-looking statements' within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminologies such as 'if,' 'will,' 'expect' and similar statements. Forward-looking statements involve inherent risks, uncertainties and assumptions, which include: uncertainties as to the possibility that competing offers will be made; the possibility that financing may not be available; the possibility that various closing conditions for the transaction may not be satisfied or waived; and other risks and uncertainties discussed in documents filed with the U.S. Securities and Exchange Commission by the Company. These forward-looking statements reflect the Company's expectations as of the date of this press release. You should not rely upon these forward-looking statements as predictions of future events. The Company does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

For investor and media inquiries, please contact:

Qihoo 360 Technology Co. Ltd.

In China:
Tel: +86-10-5878-1574
E-mail: ir@360.cn

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/qihoo-360-receives-further-update-on-going-private-transaction-300291129.html

SOURCE Qihoo 360 Technology Co. Ltd.

Qihoo 360 Technology Co. Ltd. published this content on 28 June 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 28 June 2016 10:20:02 UTC.


© Publicnow 2016
All news about QIHOO 360 TECHNOLOGY CO LTD
2016QIHOO 360 TECHNOLOGY : 2.50% Convertible Senior Notes Due 2018
PU
2016QIHOO 360 TECHNOLOGY : 1.75% Convertible Senior Notes Due 2021
PU
2016QIHOO 360 TECHNOLOGY : 0.50% Convertible Senior Notes Due 2020
PU
2016QIHOO 360 TECHNOLOGY : Announces Completion of Merger
PU
2016QIHOO 360 TECHNOLOGY : Receives Further Update on Going Private Transaction
PU
2016QIHOO 360 TECHNOLOGY : Receives Update on Going Private Transaction
PR
2016QIHOO 360 TECHNOLOGY : Responds to Rumors
PR
2016QIHOO 360 TECHNOLOGY : Files Annual Report on Form 20-F for Fiscal Year 2015
PR
2016QIHOO 360 TECHNOLOGY : Announces Shareholder Approval of Merger Agreement
PU
2016QIHOO 360 TECHNOLOGY : Announces Extraordinary General Meeting of Shareholders
PU
More news
Managers
NameTitle
Xiang Dong Qi General Manager & Executive Director
Hong Yi Zhou Chairman
Jie Chen Chief Operating Officer & Senior Vice President
Zuo Li Xu Co-Chief Financial Officer
Jue Yao Co-Chief Financial Officer
Sector and Competitors
1st jan.Capitalization (M$)
QIHOO 360 TECHNOLOGY CO LTD22 479
ACCENTURE PLC18.78%157 967
TATA CONSULTANCY SERVICES25.85%138 313
INTERNATIONAL BUSINESS MACHINES CORPORATION-7.23%110 669
AUTOMATIC DATA PROCESSING, INC.2.10%74 648
INFOSYS LIMITED52.25%63 988