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Stock Market & Financial Investment News

News Breaks
January 11, 2013
05:14 EDTCYOUChangyou.com names Wendy pan Chief Information Officer
Changyou.com announces that the company has created the new position of Chief Information Officer to lead the company's strategy implementation efforts and development of overall project management systems. The company has appointed Wendy Pan to this new position effective January 7. From 1997 to 2012, Pan worked as a senior executive at Huawei Technology.
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July 18, 2014
05:21 EDTCYOUChangyou.com appoints Rucia Ren as acting CFO
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July 16, 2014
05:59 EDTCYOUSohu online game subsidiary Changyou to invest in MoboTap
Sohu.com (SOHU) announced that its online game subsidiary, Changyou.com (CYOU) and MoboTap, a Cayman Islands company that is the mobile technology developer behind the Dolphin Browser, have entered into a definitive investment agreement pursuant to which Changyou will purchase 51% of the equity interests in MoboTap on a fully-diluted basis, for cash consideration of $91M. In addition, Changyou will provide $30M in funding to MoboTap by purchasing a zero-coupon convertible bond due in five years. Changyou will have the option, exercisable at any time when the bond is outstanding, to convert all or any part of the unpaid principal into shares of MoboTap at a conversion price that would result in Changyou's equity interest in MoboTap increasing to 60% on a fully-diluted basis, measured as of the closing under the Investment Agreement, if the option is exercised in full. The transaction is expected to close in August.

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