When you linking your Twitter Account Market Wire News Trending Stocks news and your Portfolio Stocks News will automatically tweet from your Twitter account.
Be alerted of any news about your stocks and see what other stocks are trending.
SOGO - Ten Years After Spinning It Off Sohu Wants Changyou Back
Sogou Inc. American Depositary Shares each representing one Class A
Shares of Changyou.com(NASDAQ: CYOU) surged nearly 50% on Sept. 9 after its former parent company Sohu(NASDAQ: SOHU) offered to acquire all its remaining class A shares for $5 apiece, or $10 per ADS.
Sohu spun off Changyou in an IPO 10 years ago, but it retained a 68% equity stake and a 90% voting stake in the video game maker. If the deal is approved, Changyou's stock would be delisted, and the company would continue operating as a private subsidiary of Sohu.