Sohu.com (SOHU)

23. Subsequent Event

On January 27, 2007 the Company, pursuant to the exercise of a purchase option, entered into agreements with Vision Huaqing (Beijing) Development Co. Ltd. to purchase 7 floors of Vision International Center, the premises currently occupied by the Company as its corporate headquarters at a purchase price of approximately $35.3 million. The purchase consideration has been financed by cash on hand. While the Company believes that its cash is adequate for its operational needs, it plans to take steps to obtain standby credit facilities.

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10. SUBSEQUENT EVENT

In November 2005, the Board of Directors of the Company approved a stock repurchase program pursuant to which the Company may purchase from time to time up to $15 million worth of outstanding shares of its common stock in the open market.

19. Subsequent Event

In February 2005, the Company repurchased 885,605 shares of common stock of the Company at an average price per share of $15.66, including a brokerage commission of $0.03 per share, for a total consideration $13.87 million. This completed the current stock repurchase program.

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