(RTTNews) - Sohu.com Limited (SOHU) has submitted to the board of its majority-owned subsidiary Changyou.com (CYOU) a preliminary proposal to acquire Changyou for $5.00 per class A ordinary share, or $10.00 per ADS. The deal would result in Changyou becoming a privately-held, indirect wholly-owned subsidiary of Sohu.
Changyou.com Limited is a leading online game developer and operator in China. Sohu holds over 90% of the total voting power in Changyou. Sohu expects Changyou's board will form a special committee composed solely of independent directors to consider its proposal.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
