Investor group offers to buy Qihoo 360
Hongyi Zhou, the Chairman and CEO of Qihoo 360 Technology Co. Ltd., is leading an investor group to buy the mobile antivirus software maker, according to a June 17 non-binding proposal letter sent to the company’s board. The consortium, which includes Citic Securities Co. Ltd., Golden Brick Capital Private Equity Fund I L.P., China Renaissance Holdings Ltd. and Sequoia Capital China I LP, has offered to buy Quihoo for $77.00 per ADS, the letter said. Qihoo’s board has formed a special committee to consider the bid. Beijing-based Qihoo 360 is a leading Internet company in China.
17 June 2015•7 mins read
