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Rumor: Qihoo 360 to Invest in LeTV Hardware Subsidiary

NetEase, 5/24/14

According to an industry insider, Chinese internet company Qihoo 360 (NYSE: QIHU) is currently undergoing negotiations with online video and Internet TV content provider LeTV (Leshi) (300104.SZ) to invest in the latter's Tianjin-based hardware subsidiary Leshi Zhixin.

Qihoo is reportedly looking to enter the home entertainment market through its investment in the TV and set-top box (STB) developer and retailer.

Keywords: hardware investment television LeTV set-top box Qihoo 360 300104.SZ Leshi QIHU Leshi Zhixin

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