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Rumor: Qihoo 360 to Spin Off Businesses for Future IPO in China

Sohu IT, 8/03/16

Having completed its privatization, Chinese internet services and security software provider Qihoo 360 is reportedly actively restructuring in preparation for a domestic backdoor listing, with plans to spin off its finance, desktop, mobile, and health businesses, according to a number of industry investors. The company reportedly reached out to investors two weeks ago with the new reorganization plans.

According to the tentative plans the company will spin off a number of businesses so that its main search and security businesses can IPO. Investors who participated in the privatization will receive proportional stakes in each of the four spun-off business units.

Editor's Note: For more information on this topic, please see "Qihoo 360 Completes 'Going Private' Merger," MD 7/15/16 issue.

Keywords: handset smartphone online healthcare financial services Internet IPO security Qihoo 360 backdoor listing online search corporate restructuring spin-off

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The information contained in this newsletter is based upon sources that Marbridge Consulting believes to be reliable, and we have made every effort to translate the original articles or article excerpts as faithfully as possible. However, Marbridge Consulting makes no warranty of and assumes no legal responsibility for the accuracy of either the original source material or the English language translations.

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