Sohu.com (SOHU)

Sohu.com Provides Equity Ownership Update Following Closing of Changyou.com IPO

BEIJING, China, April 8, 2009 – Sohu.com Inc. (“Sohu.com” or “Sohu”) (NASDAQ: SOHU), China’s leading online media, communications, search, online games and mobile value-added services company, today reported the closing of the initial public offering of its MMORPG subsidiary, Changyou.com Limited (“Changyou”) (NASDAQ: CYOU), and the full exercise of the underwriters’ over-allotment option.

Changyou sold 3,750,000 ADSs and Sohu.com (Game) Limited (“the selling shareholder”), an indirect wholly-owned subsidiary of Sohu, sold 4,875,000 ADSs, including the over-allotment, in the offering. Proceeds to Changyou and the selling shareholder from ADSs sold in the offering are estimated to be approximately $55.8 million and $72.5 million, respectively, for total proceeds of approximately $128.3 million after deducting underwriting discounts and commissions but before deducting offering expenses payable by Changyou or the selling shareholder.

Sohu now holds approximately 68.5% of the total outstanding equity interest in Changyou and controls approximately 80.8% of the total voting power.