BEIJING, April 2 /PRNewswire-Asia/ -- 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 issued a statement in relation to the initial public offering of its massively multi-player online role-playing games (or 'MMORPGs') subsidiary, Changyou.com Limited ('Changyou') (Nasdaq: CYOU).

Dr. Charles Zhang, chairman and CEO of Sohu.com, said, 'Today's IPO represents a new and significant chapter in Sohu's corporate history. We believe that Changyou's carve-out IPO allows for a sharper focus on the MMORPG business and related strategic opportunities while simultaneously helping us to pave the way for Sohu to push ahead with our long-term vision to maintain our position as a leading Internet company in China. Following the IPO, Sohu remains as Changyou's majority shareholder, and we expect to continue to provide Changyou with strong marketing and game development support.'

Of the total of 7,500,000 American Depositary Shares (or 'ADSs') of Changyou that are being offered in the IPO, 3,750,000 ADSs are being offered by Changyou and 3,750,000 ADSs, plus up to an additional 1,125,000 ADSs to cover over-allotments, are being offered by an indirect wholly-owned subsidiary of Sohu. Assuming that the underwriters do not exercise the over- allotment option, Sohu will hold approximately 70.7% of the total outstanding equity interests in Changyou and control 81.5% of the total voting power.

About Changyou

Changyou.com Limited ('Changyou') (Nasdaq: CYOU) is a developer and operator of online games in China. Changyou currently operates two MMORPGs, including the in-house developed Tian Long Ba Bu and the licensed Blade Online. Changyou has three pipeline games scheduled to begin open beta testing in 2009 and 2010, including the in-house developed Duke of Mount Deer, as well as the licensed Immortal Faith and Legend of the Ancient World.

About Sohu.com

Sohu.com Inc. (Nasdaq: SOHU) is China's premier online brand and indispensable to the daily life of millions of Chinese, providing a network of web properties and community based/web 2.0 products which offer the vast Sohu user community a broad array of choices regarding information, entertainment and communication.