Rumors have been spreading on Chinese technology sites that is going to acquire Although no clear comments on the issue have been given by Sohu, it has been disclosed by a well-informed source in the media that both sides have made some headway in their negotiations.

Currently , there are various views about the news in the Chinese press. Some analysts are doubtful whether Chinagames can be sold since it is a state-owned asset. Others believe it is possible because it has already separated from its parent company, Shenzhen Telecom, which is a state-owned enterprise.

Either way, the most important part of the transaction will be the transparency that this once state-owned enterprise can reveal to's investors. State-owned businesses often have messy financials, so proving to investors that the acquisition is in Sohu's best interests will be tough.


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