Sources: Sohu plots US exchange exit

Chinese search engine and gaming giant Sohu.com (SOHU.NASDAQ, XOU.FRA) is in talks with investment banks and private equity firms on a buyout would pull the firm off Nasdaq, South China Morning Post said in an exclusive report. Sohu was discussing the private option with Credit Suisse (CS.NYSE, CSGN.VTX) and other banks, according to unnamed sources. The firm’s shares climbed 12% on the SCMP report, Bloomberg reported. Sohu would join a growing list of mainland Chinese firms that are delisting in the US as regulatory negotiations between the US and China look increasingly unproductive.