Qihoo 360 Tech Ups Stake In Smartphone Joint Venture

By | May 26, 2015

Scalper1 News

Chinese security software and Web search firm Qihoo 360 Technology (QIHU) announced Tuesday that it will boost its ownership stake in a joint venture established last month with smartphone maker Coolpad Group. Qihoo 360 will increase its ownership stake in the duo’s Coolpad E-Commerce joint venture to 49.5% by purchasing 4.5% of shares in the joint venture from Coolpad for $45 million. “We are very excited to increase our ownership position in the Scalper1 News

Scalper1 News