Qihoo 360 (QIHU) Slips; Sohu Talks End Following Tencent Deal
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 8/16/2026
- S&P 500 ends lower as investors weigh data, Middle East tensions
- BofA's Hartnett explains why Wall Street is trading with 'no fear'
- Oil rises after US threatens indefinite blockade of Iran; set for weekly gains
- Are KOSPI and SOX in a bubble? Citi answers
- Could Intel return to the red-hot memory market after $20B raise and recent hire?
- S&P 500 ends lower as investors weigh data, Middle East tensions
- BOJ eyeing September rate hike, faster pace of tightening, sources say
- SanDisk upgraded at JPMorgan after investor day; shares climb
- BofA's Hartnett explains why Wall Street is trading with 'no fear'
- Micron: New Street upgrades to buy, says memory is no longer a cyclical story
UPDATE: Goldman Sachs Upgrades Sohu (SOHU) to Conviction Buy
September 17, 2013 8:01 AM EDT(Updated - September 17, 2013 8:25 AM EDT)
Goldman Sachs upgraded Sohu.com (NASDAQ: SOHU) from Neutral to Conviction Buy with a price target of $98. Analyst Fei Fang thinks investments by the company are paying off.
"We believe costly investments in video, search,... More
Sohu (SOHU) Moves Higher After Announcing Strategic Deal with Tencent and Sogou
September 16, 2013 6:54 AM EDTSohu.com Inc. (NASDAQ: SOHU), Sogou Inc. and Tencent Holdings Limited jointly announced today the establishment of a strategic cooperation that will reinforce and strengthen Sogou as a leader in the large and fast-growing China market for search and internet services, particularly for the mobile platform.
To implement this strategic cooperation, Tencent has invested a net amount of US$448 million in cash in Sogou and merged its Soso search related businesses and certain other assets with Sogou. Immediately after the transaction, Tencent holds 36.5% of Sogou's equity capital on a fully-diluted basis, which could... More
