Sogou CEO: Sogou 360 acquisition is a rumor

Washington (reporter Xue) for yesterday, "360 to the stock and part of the form of cash to buy Sogou, Sohu will use the money to buy Sogou pplive" Rumors, Sogou CEO Wang Xiaoquan in micro-blog on the "Rumor", which has been his many rumors of rumours were acquired. PPLive CEO Tao also denied on Weibo that "[the message is] unreliable and speculative". By the so-called 360 will be 1.4 billion dollars to buy sogou rumors stimulated, Sohu and Qihoo 360 shares in recent days rose. Within one months, Sohu's share price has risen 34% and Qihoo 360 has risen 28.5%. A search industry personage said: "Do not exclude two companies hype their own stocks." Sogou has been looking for the listed IT industry Jia Jinghua yesterday issued micro-blog said: "Get the exact message, 360 in the form of shares and some cash to buy Sogou, Sohu will use the money to sell Sogou, buy PPLive, Sogou CEO Wang Xiaoquan away from the field, reportedly he joined Alibaba. The rumor sparked concern. Then, Sogou CEO Wang Xiaoquan immediately rumor rumors. He said on Weibo yesterday: "The more the more the more weird, even have developed to I want to join Ali, not reliable, please let the rumor of a moment." Sogou focuses on established goals and is committed to becoming a great technology company beginner unchanged. Sogou students do not be disturbed by rumors. "However, Sohu's Sogou has been in the bland not fire situation." Sogou current main business for Sogou input method, Sogou search and Sogou browser. According to CNZZ data, April 2013, Sogou browser market share 8%, Microsoft IE and 360 browsers respectively occupy 46% and 26%, Sogou search market share of 9%, ranked after Baidu and Qihoo, also in the market third place. Sogou has been looking for a big split listing, this time if the 360 capital purchase, Sohu does not need to split the Sogou independent IPO, will be able to spend the last few years in the business investment. How much is the dog worth? Reporter calculate: July 2012, Sohu Group released, Sohu to 25.8 million U.S. dollars to buy back the previous Alibaba held all Sogou 10.88% of the shares, can be calculated out of the deal in the value of the Sogou is 237 million U.S. dollars. Qihoo 360 Last quarter results showed that as of December 31, 2012, Qihoo 360 cash and cash equivalents amounted to $380.7 million. These figures are far from the sky-high price of the "360 $1.4 billion acquisition". Sohu recently released its first-quarter 2013 results, the first quarter of the search and other business revenue of 36 million U.S. dollars, the same period in 2012, a 67% increase, down 7% from the previous quarter. Qihoo 360 will release its first-quarter earnings for fiscal year 2013 in Beijing May 20.