Sohu completes Sogou share sale

Friday 24 September 2021 | 07:54 CET | News
Chinese online media, video, search and gaming group Sohu has completed sale of shares in its indirect wholly-owned subsidiary Sohu Search and TitanSupernova, an indirect subsidiary of Tencent, in which Sohu Search sold all of the Class A ordinary shares for USD 0.001 per share, of Sogou and Class B ordinary shares of USD 0.001 per share, of Sogou owned by Sohu Search to TitanSupernova at a purchase price of USD 9.00 per share. Sohu received a gross consideration of USD 1.18 billion in cash from the Sohu/Tencent Sogou share purchase, and no longer has any ownership interest in Sogou.

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Categories: Internet
Companies: Sogou / Sohu / Tencent
Countries: China
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