Look at the size building Qihu bought, from this early Friday news
Qihoo 360 Technology Acquires New Office Premises in Beijing for $218 Mln 08/31 09:59 AM 09:59 AM EDT, 08/31/2012 (MidnightTrader) -- Qihoo 360 Technology's subsidiaries have recently acquired new office premises from a subsidiary of Beijing Electronic Zone Investment and Development Co., Ltd., for RMB 1.38 mln or $218 mln. The purchased office has an area of about 69,205 square meters and is located in Chaoyang District, Beijing, China.
The premises will be used as the company's new principal office to meet the demand arising from its business expansion and increase in headcount. QIHU's current leased principal offices will undergo major re-construction according to the municipality's urban redevelopment plan.
Shares are up 1.58% to $21.80, with a 52-week range of $13.71 - $26.35.
Price: 21.80, Change: +0.34, Percent Change: +1.58
More details are in a Form 6-K filed Sep 4, 2012 |
