BRIEF-Qihoo 360 technology receives update on going private transaction
May 13 (Reuters) - Qihoo 360 Technology Co Ltd
* 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: Further company coverage: (Bengaluru Newsroom; +1 646 223 8780)
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