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CN Concept Sogou Surges Almost 46% in US, after TENCENT Offers Preliminary Non-binding Proposal
Sogou, the leading search engine in China which is listed in the US, surged 45.7% today (27 July) in the US bourse at US$8.38. The upsurge came after TENCENT (00700.HK)'s preli...
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CN Concept Sogou Surges Almost 46% in US, after TENCENT Offers Preliminary Non-binding Proposal
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Sogou, the leading search engine in China which is listed in the US, surged 45.7% today (27 July) in the US bourse at US$8.38.

The upsurge came after TENCENT (00700.HK)'s preliminary non-binding proposal to Sogou by acquiring ordinary shares representing ADSs of Sogou which have not been taken over by Tencent for US$9 in cash per ordinary share or ADS.

Sogou, by completion of transaction, will become an indirect wholly-owned subsidiary of TENCENT, and withdraw from NYSE.
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