Takeover rumors swirl around Sohu

There are rumors that China’s leading online brand and internet portal Sohu.com might be acquired by Baidu. Baidu just happens to be Sohu’s prime competitor. Sohu’s shares have so far reacted to various takeover rumors and soared 15% over the last month. The company has refrained from making any comment on the matter. But according to Silicon Valley’s Tech Trader as reported by  Zacks, the company’s CEO, Charles Zhang, has commented that Sohu’s current stock price is too low, which limits it from being a potential takeover candidate. Zhang also pointed out that even if the price rises, the company has no intention of selling itself out in the near future as its long-term prospects are bright.