Tencent plans to acquire Sogou wholly

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 Tencent plans to acquire Sogou wholly


Affected by the news, Sogou rose 23.3% to $7.09. The current market value is $2.235 billion. Sohu is up 9.36 percent to $12.15.

Tencent currently owns 39.2% of Sogous shares, accounting for 52.3% of the total voting rights, and is the largest shareholder of Sogou. Sohu holds 33.8% of shares and 44.1% of voting rights. Sohu CEO Zhang Chaoyang holds 6.4% shares and 0.9% voting rights. Sogou CEO Wang Xiaochuan holds 5.5% shares and 0.7% voting rights.

(function(){( window.slotbydup=window .slotbydup||[]).push({id:u5811557,container:ssp_ 5811557, async:true }In September 2013, Tencent injected $448 million into Sogou, and merged its Tencent search business and other related assets into Sogou. After the transaction, Tencent immediately acquired 36.5% of Sogous diluted shares. At the same time, both sides announced that Sogou will continue to operate independently as a subsidiary of Sohu. Zhang Chaoyang will continue to serve as the chairman of the board, Liu Chiping, CEO of Tencent and Ren Yuxin, COO of Tencent, will serve as directors and CEO to lead the development of the whole company. After becoming a shareholder, Tencent and Sogou have reached a consensus that they will jointly develop, jointly promote and comprehensively integrate their products and services, and will conduct in-depth cooperation in the fields of search technology, user research and data mining. In June 2014, Sogou search announced that it was officially accessing WeChat official account number. Users can browse WeChat official account and all articles related to query words on the search results page of Sogou. The cooperation between Tencent and Sogou was officially launched. Sogou was listed on the NYSE on November 9, 2017. According to the financial report, Sogous total revenue in the first quarter of 2020 will be $257.3 million, up 2% year on year. The net loss attributable to Sogou was $31.6 million. Source: interface news Author: Xiao Fang, editor in charge: Li Chong_ NN5538

After becoming a shareholder, Tencent and Sogou have reached a consensus that they will jointly develop, jointly promote and comprehensively integrate their products and services, and will conduct in-depth cooperation in the fields of search technology, user research and data mining.

In June 2014, Sogou search announced that it was officially accessing WeChat official account number. Users can browse WeChat official account and all articles related to query words on the search results page of Sogou. The cooperation between Tencent and Sogou was officially launched.

Sogou was listed on the NYSE on November 9, 2017. According to the financial report, Sogous total revenue in the first quarter of 2020 will be $257.3 million, up 2% year on year. The net loss attributable to Sogou was $31.6 million.