Qihoo 360 committee retains financial advisor to consider going private proposal.
TELECOMWORLDWIRE-July 7, 2015-Qihoo 360 committee retains financial advisor to consider going private proposal
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Qihoo 360 Technology Co. Ltd. said that the independent special committee of the company's board of directors has been formed to consider the previously announced non-binding "going private" proposal that the board received on June 17, 2015.
The committee has retained J.P. Morgan Securities (Asia Pacific) Limited as its financial advisor to assist it in this process. The special committee has retained Skadden, Arps, Slate, Meagher & Flom as its US legal counsel, and the buyer group proposing the going-private transaction is represented by Kirkland & Ellis.
Qihoo 360 Technology is a leading Internet company in China. It provides users with secure access points to the Internet via its market-leading web browsers and application stores.
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