Rumor: Qihoo 360 to Acquire MediaV
Tencent Tech, 5/14/14
According to an industry source, Chinese internet company Qihoo 360 (NYSE: QIHU) plans to acquire Shanghai-based online advertising company MediaV Advertising in a move to strengthen Qihoo 360's online ad operations. The acquisition is reportedly nearing completion.
Qihoo 360 president Qi Xiangdong has declined to comment on the matter.
Editor's Note: For more information on this topic, please see "Rumor: Jingdong to Acquire MediaV for USD 700 Mln," MD 11/18/13 issue. MediaV recently sold off its ad agency business, but has retained its advertising tools and other businesses.
Keywords: Qi Xiangdong Internet online advertising Qihoo 360 MediaV QIHU M&A ad agency
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