10.78 -0.05 (-0.46%)
After hours: 5:01PM EST
|Bid||10.68 x 1000|
|Ask||10.93 x 1800|
|Day's Range||10.30 - 11.12|
|52 Week Range||8.79 - 21.49|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Earnings Date||Apr 26, 2020 - Apr 30, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||11.15|
Sohu.com Limited (NASDAQ: SOHU) ("Sohu" or the "Company"), China's leading online media, video, search and gaming business group, today announced that it is updating its previously reported business outlook for the fourth quarter of 2019 ended December 31, 2019. The updated guidance reflects better than expected performance of the online game business, a tax benefit of US$19 million expected to be recognized for preferential enterprise income tax rates of some of Changyou's subsidiaries upon their receipt of 2018 Key National Software Enterprise status or 2018 Software Enterprise status, and an impairment charge of approximately US$23 million expected to be recognized for the quarter for an investment unrelated to the Company's core businesses.
Changyou, which has a portfolio of mobile and computer games including Tian Long Ba Bu, began as a business unit of Sohu.com in 2003 and was later separated. Sohu said it intends to fund the deal primarily through debt. Under the agreement, Sohu will pay $10.8 for each Changyou American Depositary Share (ADS), which represents a premium of 82.4% to the closing price of Changyou ADS on Sept. 6, the last trading day prior to Sohu's proposal to take the company private.
Sohu.com Limited (NASDAQ: SOHU) ("Sohu" or the "Company"), China's leading online media, video, search and gaming business group, today announced that its wholly-owned subsidiary Sohu.com (Game) Limited ("Sohu Game") and a newly-formed wholly-owned subsidiary of Sohu Game, Changyou Merger Co. Limited ("Merger Co.", and together with Sohu and Sohu Game, the "Sohu Group"), have entered into a definitive Agreement and Plan of Merger (the "Merger Agreement") with Changyou.com Limited (NASDAQ: CYOU)("Changyou"), pursuant to which the Sohu Group will acquire all outstanding shares of Changyou that Sohu does not already beneficially own in an all-cash transaction implying an equity value of Changyou of approximately $579.0 million (the "Merger").
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BEIJING , Nov. 4, 2019 /PRNewswire/ -- Sohu.com Limited (NASDAQ: SOHU), China's leading online media, video, search and gaming business group, today reported unaudited financial results for the third quarter ...
BEIJING , Oct. 21, 2019 /PRNewswire/ -- Sohu.com Limited (NASDAQ: SOHU), China's leading online media, video, search and gaming business group, will report its third quarter 2019 unaudited financial results ...
BEIJING, Sept. 9, 2019 /PRNewswire/ -- Sohu.com Limited (SOHU) ("Sohu" or the "Company"), China's leading online media, video, search and gaming business group, today announced that it has submitted to the board of directors of its majority-owned subsidiary Changyou.com Limited (CYOU) ("Changyou"), a leading online game developer and operator in China, a preliminary non-binding proposal to acquire all of the outstanding Class A ordinary shares of Changyou, including Class A ordinary shares represented by American Depositary Shares ("ADSs"), that are not already owned by Sohu for a purchase price of US$5.00 per Class A ordinary share, or US$10.00 per ADS, in cash. As Sohu holds all of the Class B ordinary shares of Changyou that are currently outstanding, the proposed transaction, if completed, would result in Changyou becoming a privately-held, indirect wholly-owned subsidiary of Sohu, and Changyou's ADSs would be delisted from the NASDAQ Global Select Market.
Sohu.com (SOHU) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.