Navigate this market better. Subscribe for FREE stock alerts and information.

Tuesday, September 2, 2014

Takeover Digest-China - Sept 3, (NASDAQ: SOHU)

Chinese newspapers available in Beijing and Shanghai carried the following stories on Wednesday. Reuters has not checked the stories and does not vouch for their accuracy. SHANGHAI SECURITIES NEWS- Shanghai plans to consolidate the city's media sector by merging Bestv New Media Co Ltd and Shanghai Oriental Pearl Group Ltd, while injecting other unlisted media assets into the combined, listed company.- Sohu.Com Inc has forayed into Internet financing by setting up a platform that facilitates lending between individuals and small- and medium-sized companies. Inc. (Sohu) is a Chinese online media, search, gaming, community and mobile service group. Shares of SOHU traded higher by 0.8% or $0.47/share to $59.53. In the past year, the shares have traded as low as $52.69 and as high as $87.68. On average, 402272 shares of SOHU exchange hands on a given day and today's volume is recorded at 379127.