Rumor: Qihoo 360 to Acquire Online Gaming Firm Jiuzhong

Donews, 8/10/12

Chinese internet company Qihoo 360 (NYSE: QIHU) has reportedly acquired Sichuan-based online game developer and operator Jiuzhong Interactive for an undisclosed sum.

According to an industry source, Qihoo 360 CEO Zhou Hongyi is one of Jiuzhong's existing investors, and Jiuzhong founder and CEO Zhu Zhuanjing joined Zhou in investing in Xunyou Networks, a Sichuan-based maker of internet accelerator software for online games, which in part led to the acquisition.

Neither company was available for comment.

Editor's Note: For more information on this topic, please see "Jiuzhong Interactive Secures USD 20 Mln Funding," MD 8/01/11 issue and "Sichuan Game Accelerator Wins RMB 100 Mln," MD 4/16/10 issues.

Keywords: online gaming Jiuzhong Interactive Zhou Hongyi Internet Qihoo 360 QIHU M&A

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