Internet security firm Qihoo 360 to delist from NY exchange

The logo of Qihoo 360 is seen on a T-shirt. [Photo/Asianewsphoto by Da Wei]

Qihoo 360, a Chinese internet security company, made an announcement that its take-private deal will be finalized before mid-August, Beijing Times reported.

It is the first time the company has clarified the time table of the transaction. The newspaper said that Qihoo 360 will delist from New York exchange before market opens on July 18.

According to the announcement, the buyers are carrying out procedures to meet the transaction terms.