Biography Zhou Hongyi intends to borrow 360 for private financing of 3 billion 400 million

[TechWeb] reported on December 23rd, according to foreign media reports, Zhou Hongyi and other financial groups composed of plans to loan $3 billion 400 million to $360 worth of private trading financing 9 billion 300 million. The deal is expected to be completed by the end of this year.

reported that the loan arranger and Bookrunner ICBC "all the Underwriters", ICBC has invited China two other banks involved in the transaction of Qihoo 360 loans.

reported that the loan includes $3 billion worth of $7 in loans and $400 million worth of bridge loans, the borrower for a domestic company. Since the Chinese company is responsible for the loan transaction, the loan transaction will be completed in china.

in June this year, the Qihoo 360’s chief executive officer of a consortium led by Zhou Hongyi issued a privatization offer to Qihoo 360. In December, the Qihoo 360 agreed to privatization, all cash privatization transactions of about $9 billion 300 million valuation.

previously, the media reported that the Qihoo 360 has been locked to return to A shares, A shares of the company for the specific way of backdoor landing or strategic emerging board. The whole process of regression or faster than expected, is expected to be completed in 1 to 1 years and a half. (Zhou Xiaobai)

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