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Investor consortium to acquire Qihoo 360 for USD 9.3 bln

2015-12-21 09:07:00| Telecompaper Headlines

(Telecompaper) Chinese internet company Qihoo 360 has entered into a definitive merger agreement. Qihoo 360 will be acquired by a consortium of investors in an all-cash transaction valued at approximately USD 9.3 billion, including the redemption of approximately USD 1.6 billion of debt.

Tags: usd investor acquire consortium

Category:Telecommunications

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