Sohu.com (SOHU) CEO Charles Zhang said the company’s stock price is too low to consider putting itself up for sale, Reuters notes, pointing out that that China-based Internet company’s shares have rallied 15% in the last month on buyout rumors.
“Prices are too low right now, but even if they are high we have no intention of selling now,” Zhang said. “I think Sohu is a long-term play and there is no reason for me to look to be bought out right now.
Zhang also said it was looking for its Sogou search engine to drive future earnings; he says the company aims to take 20% of the China search market within three years.
SOHU is down 54 cents, or 1%, to $53.04.
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