Privatization of qihoo 360, expected to be completed in mid-August: two months than originally planned-360, qihoo 360, privatized-IT information

On June 28, qihoo 360 external announcement, buyers have been received further notification on privatization deals, buyers said in a circular, is actively taking measures to meet the privatization of the conditions stipulated in the agreement has not yet been completed.

Qihoo 360 's privatization is expected to be completed by mid-August 2016. According to leaks, due to not being allowed to purchase funds remaining once remitted overseas and 360 Consortium had to score money remitted; as of last week, still has more than US $ 2 billion Fund to remit. This means that, at least to wait until July to complete the transfer of all funds. Worth noting is that this later than previously expected to be completed in 2016, the first half of the plan of privatization transactions.

It is learnt that recently qihoo 360 privatization of one of the two platforms of Qi Xin, Tianjin zhicheng technology limited and 37, including Zhou hongyi mortgages completed in June 7, 2016 to 8th shareholders, total valuation of about $ 4 billion, mortgage of China Merchants Bank Shenzhen branch.

Analysis of the industry, as collateral for China Merchants Bank, mean 360 privatisation has been carried out smoothly to the capital market situation, and 360 stakes final stages.

It is understood that as early as in December 2015, 360 final privatization agreements with buyers. Agreement says, buyers would be common stock to $ 51.33 (per share United States deposit $ 77 a share) in cash to acquire its qihoo 360 not yet hold all the issued ordinary shares. Buyers Union members included Zhou hongyi, CITIC Guoan, Sequoia Capital, turnover is about $ 9.3 billion.

奇虎360预计8月中旬完成私有化：比原计划推迟两个月 - 360,奇虎360,私有化 - IT资讯

6月28日消息，奇虎360对外公告称，已收到买家关于私有化交易的进一步通知函，买家团在通知函中表示，正在积极采取措施以满足之前达成的私有化协议中所规定的尚未完成的条件。

奇虎360预计将在2016年8月中旬前完成私有化。据爆料，由于不被允许将剩余收购资金一次性汇出海外，360收购财团只好分数批将资金汇出；截至上周，仍有超过20亿美元资金需要汇出。这意味着，至少也要等到7月才能完成所有资金的转移。值得注意的是，这晚于之前预计于2016年上半年完成私有化交易的计划。

据悉，近期奇虎360私有化两大平台之一的天津奇信志成科技有限公司和包括周鸿祎在内的37个股东在2016年6月7日到8日完成股权抵押，总估值约40亿美元，抵押对象为招商银行深圳分行。

有业内人士分析，抵押给招商银行，意味着360私有化已顺利进行到了资金换汇处境、收购360股权的最后阶段。

据了解，早在2015年12月，360已与买家团达成最终的私有化协议。协议内表示，买家团将以普通股51.33美元（相当于每股美国存托股77美元）的现金收购其尚未持有的奇虎360全部已发行普通股。买家联盟成员包括周鸿祎、中信国安、红杉资本等，交易额约为93亿美元。