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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
Our Requirements:The Thomson Reuters Belief Ideas.
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