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SOHU » Topics » Gain on Initial Public Offering of Changyou

This excerpt taken from the SOHU 10-Q filed May 11, 2009.

Gain on Initial Public Offering of Changyou

As trading in ADSs in Changyou’s initial public offering did not commence until April 2, 2009, the transaction is not reflected in the accompanying condensed consolidated financial statements as of and for the three months ended March 31, 2009. The results of the initial public offering will be recorded in April 2009. As of that time, Sohu will recognize a one-time gain on the sale of Changyou

 

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shares of approximately $100 million, which will be recorded directly in the shareholders’ equity section of Sohu’s consolidated balance sheet in accordance with FASB Statement No. 160, Noncontrolling Interests in Consolidated Financial Statements—an amendment of ARB No. 51(“SFAS 160”).

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