Sohu.com Responds to Inaccurate Market Rumors Regarding Going Private and
BEIJING, China, March 6, 2013
BEIJING, China, March 6, 2013 /PRNewswire/ -- Sohu.com Inc. (NASDAQ: SOHU),
China's leading online media, search, gaming, community and mobile service
group, responded today to rumors circulating in the market, which were
apparently instigated by an article published by the South China Morning Post.
The Company announced that, contrary to the assertions in the article, it is
not talking to investment banks and private equity funds about a possible plan
to take the company private and/or delist its common stock from the NASDAQ
Global Select Market. "No such discussions are in progress or currently
contemplated," confirmed Ms. Carol Yu, Co-President and Chief Financial
Officer of Sohu.
(Logo: http://photos.prnewswire.com/prnh/20100201/CNM013LOGO )
Sohu.com Inc. (NASDAQ: SOHU) is China's premier online brand and indispensable
to the daily life of millions of Chinese, providing a network of web
properties and community based/web 2.0 products which offer the vast Sohu user
community a broad array of choices regarding information, entertainment and
communication. Sohu has built one of the most comprehensive matrices of
Chinese language web properties and proprietary search engines, consisting of
the mass portal and leading online media destination www.sohu.com; interactive
search engine www.sogou.com; #1 games information portal www.17173.com; the
top real estate website www.focus.cn; #1 online alumni club www.chinaren.com;
wireless value-added services provider www.goodfeel.com.cn; leading online
mapping service provider www.go2map.com; and developer and operator of online
Sohu corporate services consist of online brand advertising on its matrix of
websites as well as bid listing and home page on its in-house developed search
directory and engine. Sohu also offers wireless value-added services such as
news, information, music, ringtone and picture content sent over mobile
phones. Sohu's online game subsidiary, Changyou.com (NASDAQ: CYOU), has a
diverse portfolio of online games that includes Tian Long Ba Bu, one of the
most popular massively multi-player online ("MMO") games in China, and DDTank
and Wartune (also known as Shen Qu), which are two popular web games in China.
Sohu.com, established by Dr. Charles Zhang, one of China's internet pioneers,
is in its seventeenth year of operation.
For investor and media inquiries, please contact:
Tel: +86 (10) 6272-6593
In the United States:
Mr. Jeff Bloker
Tel: +1 (480) 614-3003
SOURCE Sohu.com Inc.
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