Changyou.com Limited (CYOU) approached by Sohu.com Limited (SOHU)

  • September 9, 2019

POTENTIAL DEAL DETAILS

Stock Changyou.com Limited Symbol CYOU
Date Announced 09/09/2019 Source Press release
Type Unsolicited Bid Acquiring Company/Person Sohu.com Limited
Date of Confirmation: 01/24/2020 Price at Confirmation: $10.71
Potential Profit: 20.74% Annualized Profit: 55.27%

Changyou.com Limited (CYOU), a leading online game developer and operator in China, today announced that its board of directors has received a preliminary non-binding proposal letter, dated September 9, 2019, from Sohu.com Limited (SOHU), a Cayman Islands company and the ultimate controlling shareholder of Changyou, to acquire all of the outstanding Class A ordinary shares of Changyou.

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