M&A Deal Summary

Sohu.com Acquires Changyou.com

On January 24, 2020, Sohu.com acquired digital media company Changyou.com for 579M USD

Acquisition Highlights
  • This is Sohu.com’s 1st transaction in the Digital Media sector.
  • This is Sohu.com’s largest (disclosed) transaction.
  • This is Sohu.com’s 1st transaction in China.

M&A Deal Summary
Date 2020-01-24
Target Changyou.com
Sector Digital Media
Buyer(s) Sohu.com
Deal Type Merger
Deal Value 579M USD
Advisor(s) Houlihan Lokey (Financial)
Skadden, Arps, Slate, Meagher & Flom (Legal)

Target

Changyou.com

Beijing, China
Changyou.com Ltd. is a developer and operator of online games. Changyou.com was founded in 2003 and is based in Beijing, China.

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Buyer(S) 1

Buyer

Sohu.com

Beijing, China
Category Company
Founded 1996
Sector Internet Software and Services
Employees4,700
Revenue 601M USD (2023)
DESCRIPTION

Sohu.com is an online brand providing a network of web properties and community-based/web 2.0 products which offer the vast Sohu user community a broad array of choices regarding information, entertainment, and communication. Sohu.com was founded in 1996 and is based in Beijing, China.

DEAL STATS #
Overall 1 of 1
Sector (Digital Media) 1 of 1
Type (Merger) 1 of 1
Country (China) 1 of 1
Year (2020) 1 of 1
Size (of disclosed) 1 of 1
Mergr

Product

Company

Legal