Sohu Up Over 11% on Going-Private Report

Sam Mattera

March 05, 2013 3:48 PM   

in Share0

 

Shares of Sohu.com (NASDAQ: SOHU[FREE Stock Trend Analysis]), a major Chinese Internet company, first gapped down, then up, late in the day on Tuesday after a report indicated that the company planned to delist from the Nasdaq.

Bloomberg cited Morning Post, reporting that Sohu planned to delist from the Nasdaq and be taken private. Shares traded up over 11% heading into the close Tuesday.

Sohu is based in Beijing, and is one of the most popular websites in the world. Baidu (NASDAQ: BIDU) shares moved higher in sympathy, up over 1.5%, while shares of Qihoo 360 (NYSE: QIHU) were little changed, having already rallied over 5% on the session.

Read more: http://www.benzinga.com/news/13/03/3391989/sohu-up-over-11-on-going-private-report#ixzz2MhfF7nyV

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• 嗯，牛牛风了 -putwriter- ♂ (0 bytes) () 03/05/2013 postreply 13:33:49