Sogou responds to Tencent’s takeover offer: it will seriously discuss and measure relevant issues


Sina Technology News on the evening of July 27, Sogou (NYSE: SOGO) announced today that its board of directors had received a preliminary non binding proposal letter from Tencent, which proposed to purchase all the issued common shares of Sogou, including Sogou’s issued common shares representing ads, with cash of $9 per common share or ads (American Depository Share).
If the proposed transaction can be successfully completed, Sogou will become an indirect wholly-owned subsidiary of Tencent, and Sogou ads will be delisted from the New York Stock Exchange and become a private holding company.
In this regard, Sogou’s response: Thank Tencent for its recognition of Sogou’s value, technical ability and product innovation ability. Next, we will seriously discuss and measure the relevant issues, so that Sogou can continue to create greater value for users.