POTENTIAL DEAL DETAILS
|Date Announced||07/27/2020||Source||Press Release|
|Type||Unsolicited Bid||Acquiring Company/Person||Tencent Parties|
|Date of Confirmation:||09/29/2020||Price at Confirmation:||$8.88|
|Potential Profit:||4.47%||Annualized Profit:||25.50%|
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.
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