China’s take-privates are taking long and investors are beginning to feel nervous

A clerk counts Chinese yuan and U.S. dollar banknotes at a branch of Bank of China in Taiyuan

China’s second-biggest Internet browser is stuck. Qihoo 360’s $9.3 billion take-private deal has reached an impasse with China’s State Administration of Foreign Exchange, whose approval is needed to convert large sums of yuan into U.S. dollars.

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