IFLR1000

Qihoo 360 $9.3 billion privatisation

18/12/2015
Public acquisition, Privatisation
Select tab

$ 9.3 billion

Announced

18/12/2015

Overview:

  • Qihoo 360 Technology Company, the owner of the second largest search engine of China, has been privatised through a $9.3 billion buyout. 
  • The firm joined a long list of Chinese companies delisting from US exchanges with an aim to sell their equities locally at a higher valuation. 
  • The consortium taking the company private includes Citic Guoan, Golden Brick Silk Road Capital, Sequoia Capital China, Taikang Life Insurance, Ping An Insurance, Sunshine Insurance, New China Capital, Huatai Ruilian, Huasheng Capital or their affiliated entities.

Hanna Rae Choi - Researcher

Jurisdiction:

China

Deal types:

Public acquisition
Privatisation

Practice area:

M&A

Industry sector:

Technology and telecommunications

Firms:
AnJie & Broad Law Firm

Party: Qihoo 360 (Target)

Lawyer: Hongchuan Liu

Kirkland & Ellis

Party: Sequoia Capital (Acquirer)

Party: Ping An Insurance (Group) Co of China Ltd (Acquirer)

Party: Citic Guoan (Acquirer)

Party: Golden Brick Silk Road Capital (Acquirer)

Party: Taikang Life Insurance (Acquirer)

Party: Sunshine Insurance (Acquirer)

Party: New China Capital (Acquirer)

Party: Huatai Ruilian (Acquirer)

Party: Huasheng Capital (Acquirer)

Skadden Arps Slate Meagher & Flom

Party: Qihoo 360 (Target)

Related deals