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

  • July 27, 2020


StockSogou Inc.SymbolSOGO
Date Announced07/27/2020Source Press Release
TypeUnsolicited BidAcquiring Company/Person Tencent Parties
Date of Confirmation: 09/29/2020Price 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 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.


September 29, 2020: Limited (SOHU), China’s leading online media, video, search and gaming business group, announced today that its subsidiary Sogou Inc. (SOGO) has entered into a definitive Agreement and Plan of Merger with THL A21 Limited, TitanSupernova Limited, and Tencent Mobility Limited, each of which is a direct or indirect wholly-owned subsidiary of Tencent Holdings Limited, pursuant to which Parent will be merged with and into Sogou in an all-cash transaction, and Sogou will become an indirect wholly-owned subsidiary of Tencent.

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.