0
Broadband

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. 

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

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

Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

China's Tencent picks Singapore as Asia hub

Published 15 Sep 2020 21:32 CET | Asia
Tencent Holdings picked Singapore as its beachhead in Asia after US and India bans, writes Straitstimes.com citing the company. ...

Tencent grows Q2 revenues 29% on demand for mobile games, media services

Published 12 Aug 2020 14:33 CET | China
Tencent reported steady growth in the second quarter, with little sign of a slowdown due to the coronavirus. Revenues rose 29 ...

Sohu's Q4 revenues grow 5% year-on-year, net loss narrows sequentially

Published 09 Mar 2020 10:13 CET | China
Chinese online media, video, search and gaming business group Sohu posted total revenues of USD 490 million for the fourth ...

Sohu's Sogou unit files for IPO

Published 19 Oct 2017 13:46 CET | World
Chinese online media, video, search, and gaming business group Sohu has announced that its online search and search-related ...

Sogou launches WeChat official accounts search service

Published 09 Jun 2014 15:28 CET | China
Chinese internet company Sohu's online search subsidiary Sogou has launched a WeChat Search channel on the company's online ...

Tencent buys stake in Sogou search engine

Published 16 Sep 2013 17:02 CET | China
Tencent announced an agreement to take a minority stake in the internet search engine Sogou. Tencent will pay USD 448 million for ...