logo
Plus   Neg
Share
Email

Changyou Confirms Receipt Of Acquisition Proposal From Sohu - Quick Facts

Changyou.com (CYOU) said its board has received a preliminary proposal from Sohu.com (SOHU), the controlling shareholder of Changyou, to acquire Changyou for a purchase price of $5.00 per Class A ordinary share, or $10.00 per ADS, in cash. Changyou noted that it has not made any decisions with respect to the proposed deal. The company said its Board, composed solely of independent directors, will consider the proposal.

Also, Changyou.com received formal confirmation from Charles Zhang that he is no longer pursuing his 2017 non-binding proposal to acquire Changyou.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Lowe's Companies Inc. (LOW) and Office Depot Inc. (ODP) reported profit for their fourth-quarter, while TJX Companies' (TJX) profit increased 17 percent from the prior year. TJX plans to increase dividend by 13 percent and to buy back up to $2.25 billion of stock. Starbucks is introducing plant-based meat to its menu in Canada in early March. The Seattle-based coffee chain said it will introduce a new Beyond Meat, Cheddar and Egg Sandwich to its Canadian stores on March 3, along with the launch of its new spring menu. The meatless breakfast sandwich will be part of Starbucks Canada's core menu. Auto major Ford Motor Co. issued a safety compliance recall for a total of 217,185 F-150 pickup trucks with LED headlamps in North America, including 50,989 in Canada, to fix issues with the headlamps that could increase risk of a crash. The F-150 has been the top selling U.S. vehicle by any manufacturer for more than 40 years.
RELATED NEWS
Follow RTT
>