May 13 (Reuters) - Qihoo 360 Technology Co Ltd QIHU.N
* Qihoo 360 receives update on going private transaction
* Qihoo 360 Technology Co Ltd - Announced its receipt of an
update from buyer group on its proposed going private
transaction
* Qihoo 360 Technology Co Ltd - Buyer group informed co that
work towards satisfying conditions precedent under merger
agreement is progressing as expected
Source text for Eikon: ID:nPn8gXr7va
Further company coverage: QIHU.N
(Bengaluru Newsroom; +1 646 223 8780)