What Hedge Funds Think about Qihoo 360 Technology Co. Ltd. (QIHU) Ahead of Its Buyout?

Among the investors from our database, Daniel S. Och’s OZ Capital Management represents the largest shareholder of Qihoo 360, holding a 3.21 million-share stake as of June 30 after boosting its stake by nearly a million shares during the second quarter. Karthik Sarma’s SRS Investment Management is also among the largest shareholders of the Internet services provider with nearly 1.12 million shares. Let’s not forget to mention Valiant Capital Management, a long/short equity hedge fund founded by Christopher R. Hansen, which owns 1.03 million shares of the company as of the end of June.

To sum up, even though the group of investors that intends to take Qihoo 360 Technology Co. Ltd. (NYSE:QIHU) private might be lowering its previously-announced bid of $77 per ADS, the updated value of the deal will most likely represent a premium for investors in order to incentivize them into supporting the deal and selling their shares.

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