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Stock Market & Financial Investment News

News Breaks
February 10, 2014
05:17 EDTCYOUChangyou.com CFO Alex Ho resigns, Erin Sheng named Interim CFO
Changyou.com announced the resignation of CFO, Alex Ho, who is leaving his position to start his own business. His resignation is effective March 4, after the company files its annual report on Form 20-F for the year ended December 31, 2013. Erin Sheng, currently finance director at Changyou, will assume the role of interim CFO following Ho's departure. Changyou is in the process of searching for a permanent CFO. Erin Sheng has been with Changyou since May 2008 and is currently finance director.
News For CYOU From The Last 14 Days
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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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