Sohu will exchange 4.4 million shares, or 12.5% of the company for 100% of ChinaRen. The transaction values ChinaRen at $30.8 million, based on Sohu's closing share price Wednesday of $7.00. Sohu's Nasdaq-listed shares have fallen 49.2% from a 52-week high of $13.78 on July 12.
The combined companies will have 44 million average page views a day and 7.8 million registered users. Sohu currently has...
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