Sohu.com, one of China’s leading online media, search and gaming companies, this morning announced that its MMORPG subsidiary Changyou.com is to acquire a majority stake in Shenzhen 7Road Technology (“7Road”), an online games developer and publisher.
Changyou will acquire 68.26% of the equity of 7Road for approximately $68.26 million in cash (see how that works?), plus additional variable cash… → Read More
Reuters earlier this week caught wind of the company’s plans to launch the Hulu-like destination site, and also reported that Hulu investor Providence Equity Partners was going to have a significant stake in… → Read More
Chinese portal (and NASDAQ listed) Sohu.com is claiming exclusive internet advertising rights for the Beijing Olympics, resulting in a dispute between Chinese internet companies. Sohu.com paid $30 million in 2005 for the rights to host the games website for the Beijing Olympics and to use the logo of the event, however is now claiming the deal includes exclusive rights to host all advertising by… → Read More