BEIJING, April 29, 2019 /PRNewswire/ -- Sohu.com Limited
(NASDAQ: SOHU) ("Sohu"), China's leading online media, video, search
and gaming business group, today reported that on April 29, 2019, Changyou.com Limited (NASDAQ:
CYOU) ("Changyou"), Sohu's majority-owned online game subsidiary,
announced that Changyou's board of directors (the "Changyou Board")
has declared a special cash dividend of US$4.70 per Changyou Class A ordinary or Class B
ordinary share, or US$9.40 per
American depositary share ("Changyou ADS"), each of which
represents two Changyou Class A ordinary shares. The aggregate
amount of the special cash dividend will be approximately
US$503 million.
The Changyou Board has set May 15,
2019 as the date on which holders of record of
Changyou Class A ordinary shares and Class B ordinary shares
will be entitled to the dividend. In view of the amount of the
dividend per Changyou ADS in relation to recent trading prices of
the Changyou ADSs on NASDAQ, however, Changyou expects that
applicable NASDAQ rules will require holders of Changyou ADSs to
hold their Changyou ADSs as of no later than the end of the trading
day before the ex-dividend date in order to be entitled to receive
the dividend. Changyou expects the ex-dividend date to be no
later than June 30, 2019. Once the
ex-dividend date for the special cash dividend has been determined,
Changyou will issue an additional press release announcing the
ex-dividend date.
The amount of the dividend payable to Sohu is expected to be
approximately $337 million. Sohu does
not expect to pay any of such dividend to its shareholders or
holders of Sohu American depositary shares, as the proceeds will be
used to support Sohu's operations.
For more information about the special Changyou dividend, please
refer to Changyou's separate announcement.
About Sohu
Sohu.com Limited (NASDAQ: SOHU) is China's premier online brand and indispensable
to the daily life of millions of Chinese, 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 has built one of
the most comprehensive matrices of Chinese language web properties
and proprietary search engines, consisting of the mass portal and
leading online media destination www.sohu.com; interactive search
engine www.sogou.com; developer and operator of online
games www.changyou.com/en/ and leading online video
website tv.sohu.com.
Sohu's corporate services consist of online brand advertising on
Sohu's matrix of websites as well as bid listing and home page on
its in-house developed search directory and engine. Sohu also
provides multiple news and information services on mobile
platforms, including Sohu News App and the mobile news portal
m.sohu.com. Sohu's online game subsidiary, Changyou.com (NASDAQ:
CYOU) develops and operates a diverse portfolio of PC and mobile
games, such as Tian Long Ba Bu
("TLBB"), one of the most popular PC games in China. Changyou also owns and operates the
17173.com Website, a leading game information portal in
China. Sohu's online search
subsidiary Sogou (NYSE: SOGO) has grown to become the second
largest search engine by mobile queries in China. It also owns and operates Sogou Input
Method, the largest Chinese language input software. Sohu.com,
established by Dr. Charles Zhang,
one of China's internet pioneers,
is in its twenty-third year of operation.
For investor and
media inquiries, please contact:
|
|
In
China:
|
Ms. Pu
Huang
|
Sohu.com
Limited
|
Tel:
|
+86 (10)
6272-6645
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E-mail:
|
ir@contact.sohu.com
|
|
In the United
States:
|
Ms. Linda
Bergkamp
|
Christensen
|
Tel:
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+1 (480)
614-3004
|
E-mail:
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lbergkamp@christensenir.com
|
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SOURCE Sohu.com Ltd.