Sohu.com Announces Receipt by its Subsidiary Sogou of a Preliminary Non-Binding Proposal to Acquire Sogou

POTENTIAL DEAL DETAILS

Stock Sogou Inc. Symbol SOGO
Date Announced 07/27/2020 Source Press Release
Type Unsolicited Bid Acquiring Company/Person Tencent Parties
Date of Confirmation: N/A Price at Confirmation: $8.88
Potential Profit: 4.47% Annualized Profit: 233.08%

Sohu.com Limited (SOHU), China’s leading online media, video, search and gaming business group, announced that today the board of directors of its subsidiary Sogou Inc. (SOGO) received a letter containing a preliminary non-binding proposal from Tencent Holdings Limited for Tencent to acquire all of the outstanding ordinary shares, including ordinary shares represented American depositary shares, of Sogou that are not already owned by Tencent or its affiliates for US$9.00 in cash per ordinary shareholder or ADS.

Disclaimer: Our intent with this section of the website is to present potential deals that appear to be in the pipeline. These potential deals are ones where i) the company has indicated that it is "seeking strategic alternatives", ii) there has been an unsolicited bid for a company as mentioned in a press release by the company or iii) news about the deal has been published by a leading news organization like The Wall Street Journal, The New York Times, Bloomberg, Financial Times, The Washington Post, Reuters and The Associated Press. As best as possible we will try to avoid baseless rumors. There is a high probability that many of these potential deals may not materialize and if they do, the terms of the deal may be different from what was initially reported. Please do your own due diligence before buying or selling any securities mentioned on this website. We do not warrant the completeness or accuracy of the content or data provided.

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