Report of Foreign Issuer (6-k)
October 03 2014 - 3:01PM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
_______________________
FORM 6-K
_______________________
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 UNDER
THE SECURITIES EXCHANGE ACT OF 1934
For the month of October 2014
Commission File Number: 001-35109
_______________________
Qihoo 360
Technology Co. Ltd.
_______________________
3/F, Building #2, 6 Jiuxianqiao Road
Chaoyang District, Beijing 100015
People’s Republic of China
(86-10) 5878-1000
(Address of principal executive offices)
_______________________
Indicate by check mark whether the registrant files or will
file annual reports under cover of Form 20-F or Form 40-F:
Form 20-F x
Form
40-F ¨
Indicate by check mark if the registrant is submitting the
Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ___________________________
Indicate by check mark if the registrant is submitting the
Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ___________________________
SIGNATURE
Pursuant to the requirements of the Securities
Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly
authorized.
Qihoo 360 Technology Co. Ltd.
By: /s/ Alex Zuoli Xu
Name: Alex Zuoli Xu
Title: Co-Chief Financial Officer
Date: October 3, 2014
Exhibit Index
Exhibit No. |
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Description |
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Exhibit 99.1 |
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Press Release |
Exhibit 99.1
Qihoo 360 Announces $200 Million Share
Repurchase Plan
BEIJING, Oct. 1, 2014 -- Qihoo 360 Technology Co. Ltd. ("Qihoo
360" or the "Company") (NYSE: QIHU), a leading Internet company in China, today announced that its Board of Directors
has authorized the repurchase of up to US$200 million of the Company's American Depositary Shares. The share repurchases are currently
expected to be made through open market purchases or privately negotiated transactions as market conditions warrant, at prices
the Company deems appropriate, and in accordance with the Securities and Exchange Commission requirements. The share repurchases
will be funded with the Company's existing cash reserves and ongoing cash flow. The Company had approximately US$787 million of
cash and cash equivalents on its balance sheet as of June 30, 2014. The company also raised approximately $1 billion through a
convertible bond offering in August 2014.
Mr. Hongyi Zhou, Chairman and Chief Executive Officer of Qihoo
360, commented, "We believe share repurchases are in the best interest of our shareholders and represents an effective use
of our cash. We expect to continue to generate cash from operations that will help us fund our ongoing business expansion. We remain
confident in our current business strategy and our near and long-term growth prospects."
About Qihoo 360
Qihoo 360 Technology Co. Ltd. (NYSE: QIHU) is a leading Internet
company in China. The Company is also the number one provider of Internet and mobile security products in China as measured by
its user base, according to iResearch. Qihoo 360 also provides users with secure access points to the Internet via its market leading
web browsers and application stores. The Company has built one of the largest open Internet platforms in China and monetizes its
massive user base primarily through online advertising and through Internet value-added services on its open platform.
Forward-looking Statements
This press release contains statements of a forward-looking
nature. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform
Act of 1995. You can identify these forward- looking statements by terminology such as "will," "expects," "believes,"
"anticipates," "intends," "estimates" and similar statements. Among other things, the management's
quotations and the "Business Outlook" section contain forward-looking statements. These forward-looking statements involve
known and unknown risks and uncertainties and are based on current expectations, assumptions, estimates and projections about Qihoo
360 and the industry. Potential risks and uncertainties include, but are not limited to: the Company's ability to continue to innovate
and provide attractive products and services to attract and retain users; the Company's ability to keep up with rapid changes in
technologies and Internet-enabled devices; the Company's ability to leverage its user base to attract customers for our revenue-generating
services; and the Company's dependence on online advertising for a substantial portion of our revenues; and the Company's ability
to compete effectively. All information provided in this press release is as of the date of the press release, and Qihoo 360 undertakes
no obligation to update any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its
expectations, except as may be required by law. Although Qihoo 360 believes that the expectations expressed in these forward-looking
statements are reasonable, it cannot assure you that its expectations will turn out to be correct, and investors are cautioned
that actual results may differ materially from the anticipated results. Further information regarding risks and uncertainties faced
by Qihoo 360 is included in Qihoo 360's filings with the U.S. Securities and Exchange Commission, including its annual report on
Form 20-F dated April 25, 2014.
For investor and media inquiries, please contact:
Qihoo 360 Technology Co. Ltd.
In China:
Tel: +86 10-5878-1574
E-mail: ir@360.cn
In the U.S.:
The Piacente Group, Inc.
Don Markley or Glenn Garmont
Tel: (212) 481-2050
E-mail: qihu@tpg-ir.com
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