Sohu says to take sport developer Changyou personal

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(Reuters) – China-based on-line media firm Sohu.com Ltd (SOHU.O) stated on Friday it’s going to take Changyou.com (CYOU.O) personal in an all-cash deal that values the corporate at about $579 million.

On-line sport developer Changyou started as a enterprise unit of Sohu.com and was later separated.

Sohu stated it intends to fund the deal primarily with debt financing.

Reporting by Manojna Maddipatla in Bengaluru; Modifying by Shailesh Kuber

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