Sohu 12.9 million U.S. dollars to buy 56 network PR response temporarily no news

NetEase Science and technology news October 21, micro-blog has a burst of material said, Sohu spent 12.9 million U.S. dollars to buy 56 nets. So far, Sohu (Nasdaq:sohu) and Renren (Nyse:renn) Officials have not confirmed this rumor. In this respect, NetEase technology to call the 56 network of public relations, the response said, currently there is no news, the company in normal operation.

In April this year, Maxim Group, an investment agency, advised everyone to sell 56 nets, "Renren has always been able to sell good http://www.aliyun.com/zixun/aggregation/18365.html" > Investment projects to improve cash balances, including the recent sale of 160 million U.S. dollars to Baidu buy net glutinous rice net 59% shares of the transaction. Of all the current assets held by Renren, we believe that the 56 network is a worthwhile platform for individual online video operators. ”

56 Network was founded in April 2005, Zhou Juan is the founder of the company and CEO,56 Network since its inception has been the Haina Asia, Sequoia Capital, Disney's investment in the venture. In October 2011, Renren bought 56 nets with a total of 80 million dollars. (exchanged)