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Stock Market & Financial Investment News

News Breaks
July 16, 2014
05:59 EDTSOHU, CYOUSohu 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.
News For SOHU;CYOU From The Last 14 Days
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July 28, 2014
09:17 EDTSOHUOn The Fly: Pre-market Movers
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05:25 EDTCYOUChangyou.com sees Q3 EPS (11c)-0c, consensus (4c)
Sees Q3 revenue $186M-$192M, consensus $200.06M. Q3 revenue guidance includes online game revenues of $158M-$163M and online advertising revenues of $16M-$17M.
05:20 EDTCYOUChangyou.com reports Q2 EPS 4c, consensus (27c)
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05:16 EDTSOHUSohu.com sees Q3 EPS (85c)-(75c), consensus (97c)
Sees Q3 revenue $427M-$442M, consensus $451.35M. Sees Q3 brand advertising revenues to be $148M-$153M; this implies a sequential increase of 11%-15% and an annual increase of 19%-23%. Sees Q3 Sogou revenues to be between $100M-$105M; this implies a sequential increase of 10%-15% and an annual growth of 76%-84%. Sees Q3 online game revenues to be between $158M-$163M; this implies a sequential increase of 3%-6 % and an annual decrease of 2% to an annual increase of 1%.
05:11 EDTSOHUSohu.com reports Q2 adjusted EPS (88c), consensus ($1.38)
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July 25, 2014
10:27 EDTSOHUSohu.com technical comments ahead of earnings
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July 24, 2014
10:54 EDTSOHUChina's Weibo, Jumei advance after Citi starts coverage with Buy ratings
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09:31 EDTCYOUChangyou.com initiated with a Sell at Citigroup
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09:30 EDTSOHUSohu.com initiated with a Buy at Citigroup
Target $66.
07:49 EDTSOHUSohu.com August volatility elevated at 50 into Q2
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July 21, 2014
10:49 EDTSOHUBaidu advances following Morgan Stanley upgrade
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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 EDTSOHU, CYOUSohu 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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