Swim with the Dolphin Browser developer hundred information to reach a stake agreement

Summary: Sohu announced this evening, its online gaming subsidiaries swim with the Dolphin Browser developers hundred information to reach a stake agreement, will be 91 million of dollars in cash to buy the latter 51% of the stake. In addition, the tour will provide a 30 million-dollar 5-year 0 interest rate to the Turner information

Sohu announced late this evening, its online gaming subsidiary swims with the Dolphin browser developers hundred information to reach a stake agreement, will be 91 million of dollars in cash to buy the latter 51% of the stake. In addition, the tour will also provide hundreds of 30 million of dollars of information to the 5-year 0-coupon convertible bond. In the future, unliquidated obligations can be converted to equity at the agreed price. When the deal is completed, the maximum share of the information held by the cruise is likely to reach 60%.

The deal is expected to be completed in August 2014 and has yet to be approved by regulatory authorities. The company will maintain its original strategic direction and continue to increase its efforts to develop international markets, the official said. It is reported that, in addition to cash investment, the bilateral strategic cooperation also includes a valuable product docking and market development cooperation.

Turner was founded in 2010, the main product is Dolphin browser. July 2011, the company was the Sequoia Capital and Jingwei VC a round million-dollar financing. At present, the company employs about 300 people, in Beijing, Wuhan, Chengdu, San Francisco, Tokyo are equipped with offices.

Dolphin browser in 2012 launched the first based on the chrome kernel of the mobile browser, the same year and UC Browser has erupted between the mobile browser kernel of the long war of words. Also in that year Dolphin Browser completed the user's high-speed growth, 2013 the beginning of the breakthrough of 80 million. Dolphin browsers currently have about 100 million users, mainly in overseas locations. and UC Browser has been invested more than 2 billion U.S. dollars Alibaba three times wholly-owned acquisitions. According to Cnit-research's report, in the 2014 quarter, UC and dolphin browsers in the domestic download volume ranked first and seventh.