Changyou, the online gaming arm of Sohu announced that it has agreed to acquire 17173.com – a news site for games – from Sohu for US $162.5 million.

Sohu also agreed to not compete with changyou in the 17173 business for at least five years.

Wang Tao, Changyou’s chief exec commented on the acquisition saying that the deal gives Changyou a powerful base to jumpstart the company’s services and platform initiative. 17173 has strong media presence in the online gaming sector and a vast user base that Changyou could leverage to build a leading platform and one-stop-service-provider for games on top of 17173.com. Wang thinks that Changyou’s leading position in Web-based games and their mobile game initiatives will also give them advanced market knowledge that 17173 can take advantage of to further grow its news service more effective.

Start your free trial now.

Get instant access to all our premium content, archives, newsletters, and online community.

Monthly Membership

Yearly Membership

What you get

Full access to all premium content and our full archives

Members'-only newsletters

Preferential access and discounts to all TechNode events

Direct access to the TechNode newsroom

Start your free trial now.

Get instant access to all our premium content, archives, newsletters, and online community.

Monthly Membership

Yearly Membership

Ben Jiang

Listener of startups, writer on tech. Maker of things, dreamer by choice.