Sohu denies privatization
By Ding Yining |
March 7, 2013, Thursday
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Print Edition
Print Edition
SOHU Inc, a Chinese Internet portal and online game operator, yesterday denied any plans to go private after a media report said it's in talks to delist from Nasdaq.
"We're not considering a delisting from Nasdaq and is not in discussions of taking the company private," Chief Financial Officer Carol Yu said in an e-mail statement.
The South China Morning Post reported Sohu was in talks with investment banks and private equity funds to take the company private, citing unidentified sources.
Several banks, including Credit Suisse, were said to be discussing with the Beijing-based Internet company about a possible privatization plan.
"We're not considering a delisting from Nasdaq and is not in discussions of taking the company private," Chief Financial Officer Carol Yu said in an e-mail statement.
The South China Morning Post reported Sohu was in talks with investment banks and private equity funds to take the company private, citing unidentified sources.
Several banks, including Credit Suisse, were said to be discussing with the Beijing-based Internet company about a possible privatization plan.
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