Scalper1 News
The CEO-led investor group offering to buy out China’s Qihoo 360 Technology (QIHU)is considering whether to trim its original $9 billion bid because China’s sinking stock market has lowered valuations, the Wall Street Journal reported Friday. Qihoo in June announced what would be the largest take-private deal for a U.S.-listed Chinese company, which has become a trend of late. The Chinese security-software and Web-search firm’s U.S. stock closed Scalper1 News
Scalper1 News