Qihoo Takeover bid Lifts Some China ETFs

Shares of Qihoo 360 Technology (NYSE: QIHU), the Chinese maker of mobile security software, are up 7.5% Wednesday after the company received a buyout offer from a group CEO Hongyi Zhou. Zhou’s offer values his company at $77 per American depositary receipt, or $10.6 billion. Qihoo shares currently...