Nomura Sees Opportunity to Accumulate Qihoo 360 (QIHU) Shares
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Qihoo 360 Technology (QIHU) Invests $409M for Stake in JV with Coolpad
December 16, 2014 8:17 AM ESTQihoo 360 Technology Co. Ltd. (NYSE: QIHU) today announced it has formed a strategic partnership with Coolpad Group Limited ("Coolpad") (HKSE: 2369), a leading smartphone company in China, through investing $409.05 million in cash to take a 45% stake in a joint venture with Coolpad (the "JV").
The JV will primarily focus on mobile terminal products that are distributed through Internet as the primary channel, through building a strong mobile ecosystem involving designing, manufacturing, marketing and selling best in class smartphones and other mobile Internet devices with... More

