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0 0 0.00401606425702803 0.00401606425702803 0.0321285140562249 0.0321285140562249 0.0281124497991967 0.0321285140562249
Stock impact report

Sohu To List Sogou, AirMedia Lowers Buyout Offer [Seeking Alpha]

AIRMEDIA GROUP (AMCN) 
Company Research Source: Seeking Alpha
Summary A couple of IPOs are in the headlines as we head into the new week, led by an often-discussed offering by perennial third-place search engine Sogou, which is co-owned by Internet titan Tencent ( OTCPK:TCEHY ) and second-rate portal Sohu (NASDAQ: SOHU ). At the same time, another second-rate company, AirMedia (NASDAQ: AMCN ), has slashed the proposed buyout price for its attempt to go private, reflecting the company's own troubles. Both of these stories have a bit of the "who cares?" element for long-term investors, since neither company is one that has particularly strong long-term prospects. But they do both reflect the larger realm of smaller Chinese Internet and media companies that are struggling for attention, as investors get mesmerized by giants like Tencent, Alibaba (NYSE: BABA ) and JD.com (NASDAQ: JD ). In a way, this situation isn't that different from the U.S., where smaller companies have also had difficulty getting investor attention from big names Show less Read more
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