Tencent makes bid for search engine Sogou

Monday 27 July 2020 | 17:00 CET | News
Tencent has made an offer to acquire China's second-largest search engine, Sogou. Tencent already has a large stake in Sogou and uses the search engine for its service WeChat and other applications. The offer values Sogou at USD 9 per share, an 85 percent premium to its average share price in the past 30 days. 

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