CHANGYOU.COM LIMITED

Changyou.com Announces Completion of Going-Private Transaction

Retrieved on: 
Friday, April 17, 2020
Tax, Offshore magic circle, Offshore finance, Tax avoidance, Changyou, Conyers Dill & Pearman, Pearman, Cayman Islands, Dependent territories

Conyers Dill & Pearman has advised as to Cayman Islands legal matters with respect to the Changyou Merger.

Key Points: 
  • Conyers Dill & Pearman has advised as to Cayman Islands legal matters with respect to the Changyou Merger.
  • Changyou also owns and operates the 17173.com Website, a leading game information portal in China.
  • Changyou began operations as a business unit within Sohu in 2003, and was carved out as a separate, stand-alone company in December 2007.
  • For investor and media inquiries, please contact:

Changyou.com Announces Filing of Definitive Plan of Merger for Going-Private Transaction

Retrieved on: 
Tuesday, April 14, 2020
Changyou, Economy, NASDAQ, Sohu, Mergers and acquisitions, Finance, Websites

Because Changyou Merger Co. owns over 90% of the voting power represented by all issued and outstanding shares of Changyou, the Changyou Merger will be in the form of a short-form merger of Changyou Merger Co. with and into Changyou in accordance with section 233(7) of the Companies Law of the Cayman Islands.

Key Points: 
  • Because Changyou Merger Co. owns over 90% of the voting power represented by all issued and outstanding shares of Changyou, the Changyou Merger will be in the form of a short-form merger of Changyou Merger Co. with and into Changyou in accordance with section 233(7) of the Companies Law of the Cayman Islands.
  • Shareholder approval of the Changyou Merger by Changyou's shareholders is not required.
  • Changyou also owns and operates the 17173.com Website, a leading game information portal in China.
  • Changyou began operations as a business unit within Sohu.com Limited (NASDAQ: SOHU) in 2003, and was carved out as a separate, stand-alone company in December 2007.

Changyou.com to Report Fourth Quarter and Fiscal Year 2019 Financial Results on March 9, 2020

Retrieved on: 
Friday, February 28, 2020
Sohu, NASDAQ, Changyou, Dial, Websites, Economy of the United States, Digital media

Please dial in 10 minutes before the call is scheduled to begin and provide the passcode to join the call.

Key Points: 
  • Please dial in 10 minutes before the call is scheduled to begin and provide the passcode to join the call.
  • A telephone replay of the call will be available after the conclusion of the conference call at 9:30 a.m. Eastern Time on March 9, 2020 through March 16, 2020.
  • Changyou also owns and operates the 17173.com Website, a leading game information portal in China.
  • Changyou began operations as a business unit within Sohu.com Limited (NASDAQ: SOHU) in 2003, and was carved out as a separate, stand-alone company in December 2007.

Sohu.com Enters into a Definitive Agreement for Changyou.com Going-Private Transaction

Retrieved on: 
Friday, January 24, 2020
Corporate finance, Charles Zhang, Sohu, Mergers and acquisitions, Economy, Business

The Sohu Group intends to fund the Merger primarily with debt financing.

Key Points: 
  • The Sohu Group intends to fund the Merger primarily with debt financing.
  • Shareholder approval of the Merger Agreement and the Merger by Changyou's shareholders is not required.
  • In connection with the Merger, Changyou and the Sohu Group will prepare and file with the SEC a Schedule 13E-3 Transaction Statement (the "Schedule 13E-3").
  • Sohu.com, established by Dr.Charles Zhang, one of China's internet pioneers, is in its twenty-fourth year of operation.

Changyou.com Enters into a Definitive Agreement for Going-Private Transaction

Retrieved on: 
Friday, January 24, 2020
Business, Corporations, Airlines, Corporate finance, Board of directors, Business law, Committees, Corporate law, Mergers and acquisitions, US Airways

The Company's board of directors (the "Board"), acting upon the unanimous recommendation of a committee of independent and disinterested directors established by the Board (the "Special Committee"), approved the Merger Agreement and the Merger.

Key Points: 
  • The Company's board of directors (the "Board"), acting upon the unanimous recommendation of a committee of independent and disinterested directors established by the Board (the "Special Committee"), approved the Merger Agreement and the Merger.
  • The Special Committee negotiated the terms of the Merger Agreement with the assistance of its financial and legal advisors.
  • Shareholder approval of the Merger Agreement and the Merger is not required.
  • In connection with the Merger, the Company will prepare and mail a Schedule 13E-3 Transaction Statement (the "Schedule 13E-3").

Changyou Reports Third Quarter 2019 Unaudited Financial Results

Retrieved on: 
Monday, November 4, 2019
Changyou.com, Changyou, Companies, Video gaming

BEIJING, Nov. 4, 2019 /PRNewswire/ -- Changyou.com Limited ("Changyou" or the "Company") (NASDAQ: CYOU), a leading online game developer and operator in China, today announced its unaudited financial results for the third quarter ended September 30, 2019.

Key Points: 
  • BEIJING, Nov. 4, 2019 /PRNewswire/ -- Changyou.com Limited ("Changyou" or the "Company") (NASDAQ: CYOU), a leading online game developer and operator in China, today announced its unaudited financial results for the third quarter ended September 30, 2019.
  • Unless indicated otherwise, results presented in this release are related to continuing operations only, and exclude results from the cinema advertising business.
  • Mr. Wang Yaobin, CFO of Changyou, added, "During the quarter, online game revenue was much better than we expected, and our overall financial performance continued to be stable.
  • Other income was US$6 million, compared with US$9 million in the third quarter of 2018 and US$2 million in the second quarter of 2019.

Changyou.com to Report Third Quarter 2019 Financial Results on November 4, 2019

Retrieved on: 
Monday, October 21, 2019
Telecommunications, Sohu, Changyou, NASDAQ, Conference call, Dial, Websites

Please dial in 10 minutes before the call is scheduled to begin and provide the passcode to join the call.

Key Points: 
  • Please dial in 10 minutes before the call is scheduled to begin and provide the passcode to join the call.
  • A telephone replay of the call will be available after the conclusion of the conference call at 9:30 a.m. Eastern Time on November 4, 2019through November 11, 2019.
  • Changyou also owns and operates the 17173.com Website, a leading game information portal in China.
  • Changyou began operations as a business unit within Sohu.com Limited (NASDAQ: SOHU) in 2003, and was carved out as a separate, stand-alone company in December 2007.

Changyou.com Announces Formation of Independent Special Committee to Review Preliminary Non-Binding Proposal to Acquire the Company

Retrieved on: 
Thursday, October 17, 2019
Law firms, Skadden, Forward-looking statement, Chris Oprison, Alex van der Zwaan

The Special Committee has retained Houlihan Lokey (China) Limited as its financial advisor and Skadden, Arps, Slate, Meagher & Flom as its United States legal counsel in connection with its review and evaluation of the Proposal.

Key Points: 
  • The Special Committee has retained Houlihan Lokey (China) Limited as its financial advisor and Skadden, Arps, Slate, Meagher & Flom as its United States legal counsel in connection with its review and evaluation of the Proposal.
  • The Company cautions its shareholders and others that the Proposal is non-binding and incomplete, and that neither the Board nor the Special Committee has made any decision with respect to the Company's response to the Proposal.
  • Statements that are not historical facts, including statements about the Company's beliefs and expectations, are forward-looking statements.
  • The Company cautions you that a number of important factors could cause actual results to differ materially from those contained in any forward-looking statement.

Changyou.com Announces Receipt of a Preliminary Non-Binding Proposal to Acquire the Company

Retrieved on: 
Monday, September 9, 2019
Government procurement in the United States, United States administrative law, Language acquisition

We believe that this Proposal provides a very attractive opportunity to Changyou's shareholders.

Key Points: 
  • We believe that this Proposal provides a very attractive opportunity to Changyou's shareholders.
  • The terms and conditions upon which we are prepared to pursue the Acquisition are set forth below.
  • In closing, we would like to express our commitment to working together to bring the proposed Acquisition to a successful and timely conclusion.
  • Should you have any questions regarding this Proposal, please do not hesitate to contact us.