Sohu acquires ChinaRen in $30.8 million stock swap has agreed to buy, a community web site for $30.8 million in stock as it seeks to beef up its interactive services., China's third-largest portal, has agreed to buy, a community web site, in a move Sohu says will make it the most popular portal in China, ahead of and, as measured by average daily page views.

Sohu will exchange 4.4 million shares, or 12.5% of the company for 100% of ChinaRen. The transaction values ChinaRen at $30.8 million, based on Sohu's closing share price Wednesday of $7.00. Sohu's Nasdaq-listed...

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