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Stock Market & Financial Investment News

News Breaks
June 9, 2014
11:09 EDTSOHU, TCEHYSohu unit launches search for Tencent's WeChat, Marbridge Daily says
Sohu's (SOHU) online search unit Sogou launched a "WeChat Search" for Tencent's (TCEHY) messaging app and said it is preparing to provide search services for all Tencent products moving forward, according to Marbridge Daily, citing DoNews. Reference Link
News For SOHU;TCEHY From The Last 14 Days
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July 21, 2014
10:49 EDTSOHUBaidu advances following Morgan Stanley upgrade
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July 16, 2014
05:59 EDTSOHUSohu 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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