BEIJING, May 13, 2016 /PRNewswire/ -- Qihoo 360 Technology
Co. Ltd. (the "Company") (NYSE: QIHU), a leading Internet company
in China, today announced its
receipt of an update from the buyer group on its proposed going
private transaction. The buyer group has informed the Company that
the work towards satisfying the conditions precedent under the
previously announced merger agreement is progressing as
expected.
About Qihoo 360
Qihoo 360 Technology Co. Ltd. (NYSE: QIHU) is a leading Internet
company in China. The Company is
also the number one provider of Internet and mobile security
products in China as measured by
its user base, according to iResearch. Qihoo 360 also provides
users with secure access points to the Internet via its market
leading web browsers and application stores. The Company has built
one of the largest open Internet platforms in China and monetizes its massive user base
primarily through online advertising and through Internet
value-added services on its open platform.
For investor and media inquiries, please contact:
Qihoo 360 Technology Co. Ltd.
In China:
Tel: +86 10-5878-1574
E-mail: ir@360.cn
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SOURCE Qihoo 360 Technology Co. Ltd.