Qihoo 360 Technology Co Ltd Strikes Deal To Be Taken Private

Qihoo 360, a Chinese Internet security firm, is to be acquired by a consortium of investors in a deal valued at about $9.3 billion, joining the list of Chinese companies de-listing from the U.S. market after receiving a buyout offer. Qihoo 360 joins a record number of Chinese companies on U.S. exchanges that have unveiled a total of over $30 billion in privatization deals this year.

Qihoo 360’s definitive agreement for going private

Qihoo 360 Technology unveiled Friday that it has entered into a definitive merger agreement pursuant to which it will be acquired by a consortium of investors in an all-cash transaction valued at approximately $9.3 billion, including the...