Is China’s Qihoo 360 Closing In On Go-Private Deal?

By | December 1, 2015

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Qihoo 360 Technology (QIHU) stock rose Tuesday amid reports that an investor group will soon complete its purchase of China’s largest Internet security company in what would be the largest take-private deal for a U.S.-listed Chinese firm. Qihoo announced on June 17 that it had received a proposal from an investor group led by the company’s CEO to pay about $77 a share for the company in a transaction worth $9 billion. The proposed buyout is Scalper1 News

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