Qihoo 360 is mainly engaged in 360 antivirus as the representative of the free network security platform, and online advertising, games, Internet and value-added business to generate revenue.
Qihoo 360, founded by Zhou Hongyi in September 2005, is a company that focuses on a free online security platform represented by 360 Antivirus and owns businesses such as 360 Security Brain. The company relies heavily on online advertising, gaming, internet and value-added businesses to generate revenue.
On February 4, 2015, insiders confirmed that Qihoo 360 Inc. spent a huge amount of money to acquire the international top-level domain name 360.com, the purchase price of $17 million, about 110 million yuan. Now 360's whois information has been changed to Beijing Qihoo Technology Co.
Expanded:
On June 28, 2019, Qihoo 360 had issued an updated announcement on privatization The transaction progress issued an update announcement, saying that this transaction is expected to be completed by mid-August. This is the first time Qihoo 360 has clarified the scope of this important timeline.
Qihoo 360 disclosed in the announcement that the company had once again received a progress update from the privatization buyer group, which informed that they were continuing to actively promote the work related to meeting the conditions for the settlement of the merger and acquisition agreement, and that the transaction was expected to be completed by mid-August 2016.
On June 17, 2018, Qihoo 360 announced that its Board of Directors had received a non-binding proposal from founder Zhou Hongyi, from the Company's Chairman, Zhou Hongyi, CITIC Securities and its affiliates.
Golden Brick CapitalPrivate Equity FundIL.P, China Renaissance Capital, Sequoia Capital ChinaI, L.P, and their affiliates, to acquire all of the outstanding common shares of Qihoo that they do not already own for $51.33 per common share in cash.
Baidu Encyclopedia-Qihoo 360
People's Daily Online-Qihoo 360 will be delisted in the U.S. on the 18th, the process earlier than expected