TMCnet News
Changyou.com Wholly Acquires 7th RoadBEIJING, May 02, 2013 (SinoCast Daily Business Beat via COMTEX) -- Changyou.com Ltd. (Nasdaq: CYOU), online game developer under Sohu.com Inc. (Nasdaq: SOHU), said that agreement has been inked with minority shareholders of Shenzhen 7th Road Technology to acquire a 28.074% stake in the latter held by them for USD 78 million in cash. Upon completion, 7th Road will become its wholly owned subsidiary. Source: www.techweb.com.cn (May 02, 2013) |
