Sohu Com Inc. (SOHU)

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Sohu climbed 3.2 percent to $68.51 in New York, poised for the highest close since October 2011. The shares have surged 34 percent since the end of April.

http://www.bloomberg.com/news/2013-07-18/shanda-surges-on-new-mobile-game-as-sohu-rises-overnight.html?cmpid=yhoo

Chairman and Chief Executive Officer Charles Zhang said in a May 18 interview in Beijing that the company was seeking strategic investors for its Sogou search unit.

Acquisition Speculation
Sohu’s recent gains were stoked by speculation that Qihoo 360 Technology Co. (QIHU), owner of China’s second-biggest search engine, will acquire a controlling stake in Sogou, ABR Investment analyst Henry Guo wrote in a note yesterday.

“If a possible Qihoo/Sogou deal values Sogou at $1.2 billion or higher, a deal announcement could be a positive to Sohu shares,” he wrote.

Qihoo’s ADRs advanced 1.8 percent to a record $56.71. Sina Corp. (SINA), which runs a Twitter-like service in China, jumped 5.3 percent in a fourth day of gains to $63.35, the highest level since October. E-Commerce China Dangdang Inc. (DANG), the nation’s biggest online book retailer, advanced for a second day, rising 5.1 percent to a one-month high of $8.03.

LDK, the second-most indebted solar maker, added 4.7 percent to $1.77 in New York.

China will impose duties of between 2.4 percent and 57 percent on polysilicon, a raw material for making solar panels, imported from the U.S. and South Korea, according to a preliminary ruling posted on the Commerce Ministry’s website yesterday.

The Hang Seng China Enterprises Index in Hong Kong climbed 0.1 percent to a one-week high of 9,492.07, while the Shanghai Composite Index (SHCOMP) dropped 1.1 percent to 2,023.40, the lowest in a week.