Qihoo received an acquisition offer from a management led buyout group, headed by its CEO and founder. The bid values the firm at $77 per ADS, a 16.6% premium on Monday’s close, and still represents 9.8% of upside for investors, assuming that the deal is completed. The offer has merits, and privatisation would be beneficial for the firm.
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Qihoo's $10bn buyout bid a win/win for firm, shareholders
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