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Qihoo 360 Receives Update on Going Private Transaction

BEIJING, May 13, 2016 /PRNewswire/ -- Qihoo 360 Technology Co. Ltd. (the "Company") QIHU, -3.52% a leading Internet company in China, today announced its receipt of an update from the buyer group on its proposed going private transaction. The buyer group has informed the Company that the work towards satisfying the conditions precedent under the previously announced merger agreement is...