SOHU.COM announces plan to acquire China

SOHU.COM announces plan to acquire China

SHARE

SOHU.COM Inc., China’s online media, communications, commerce and mobile value-added services company, has announced that it has entered into a definitive agreement to acquire Go2Map Inc. and Go2Map Inc.’s affiliate, Beijing Tu Xing Tian Xia Information Consultancy Co., Ltd., collectively referred to as Go2Map, an online mapping service provider in China. The acquisition will enable SOHU to apply Go2Map’s rich technological expertise in professional location-based information to SOHU’s search engine capabilities as well as online website content.

Go2Map (http://www.go2map.com/) is a mapping service solution provider in China. Its mapping information platform enables online mapping services through different Internet/Intranet platforms, mobile phones, call centers and PDAs. Go2Map’s database covers points of interests in 200 cities across China, which has enabled it to develop multiple business applications, including sales of software and map information resources. Go2Map also provides web surfers a free on-line mapping inquiry system in 14 cities.