Sohu: the board of directors has not had the opportunity to evaluate Sogous and Tencents proposals

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 Sohu: the board of directors has not had the opportunity to evaluate Sogous and Tencents proposals


On July 27, 2020, Sogou, a subsidiary of Sohu, announced that its board of directors had received a preliminary non binding acquisition offer from Tencent holdings limited to Sogou. Sohu reported the relevant progress in the financial report today: Sohus board of directors has not had the opportunity to review and evaluate the offer in detail, or decide how to respond to the offer, or decide whether the proposed transaction is in the best interests of Sohu (as the controlling shareholder of Sogou) and Sohus shareholders, so as to approve or reject the offer.

Source: responsible editor of interface news: Wang Fengzhi_ NT2541