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


Stock Sogou Inc. Symbol SOGO
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% 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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