One the leading Chinese Web portals Sohu.com buys Go2Map for $9.3 Million. (Photo: CEO of Sohu.com Zhang Chaoyang.)

　　Chinese Internet company Sohu.com Inc. said Tuesday it has agreed to acquire Go2Map, an online mapping service provider in China, for $9.3 million in cash.

　　Sohu.com, which operates China’s leading Web portal, said the acquisition of Go2Map would let it quickly establish a position in mapping technology to let people search online for offices, restaurants, and transportation information.

　　Go2Map’s database covers 200 cities across China, and it also sells software and map information resources, Sohu.com said. It also provides Web surfers a free online mapping inquiry system in 14 cities.

　　Sohu said it has already paid $400,000 and will pay $8.9 million upon the closing of the deal. It will also pay an additional amount not to exceed $2.5 million over two years after the deal closes, subject to Go2Map satisfying certain operating and financial milestones.

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