Qihoo rises on buyout deal reports

Privatization move likely to involve re-listing of shares on a Chinese exchange, say sources

Shares in Qihoo 360 Technology Co rose to their highest since June after The Wall Street Journal reported the company was close to completing a buyout that was first announced in June, assuaging concerns it was facing difficulties finalizing the deal.

Qihoo, which develops security software and owns China's second-largest search engine, jumped 3 percent to $69.96 in New York.