On July 27th, according to foreign media reports, Tencent made a preliminary non-binding offer to sogou. It is reported that Tencent intends to acquire the remaining shares of sogou at a price of $9 /ADS. Subsequently, Sogou CEO Wang Xiaochuan posted a message in a circle of friends, thanking Tencent for its recognition of sogou's value, technical capability and product innovation capability. Next, we will seriously discuss and measure related issues, so that sogou can continue to create greater value for users.
Sogou and Sohu's pre-market gains continued to expand, while sogou's pre-market gains once exceeded 43%.
Extended data
Tencent is already the largest shareholder in sogou.
According to the shareholding structure of sogou, Tencent currently owns about 39.2% of the shares in sogou, accounting for 52.3% of the total voting rights. It is the largest shareholder in sogou, and Yu Yin, vice president of Tencent, is a director of sogou.
Sohu's shareholding ratio is 33.8% and its voting right is 44. 1%. Sohu CEO Zhang Chaoyang holds 6.4% of the shares and has 0.9% of the voting rights. Zhang Chaoyang is also the chairman of sogou. Wang Xiaochuan, CEO and director of sogou, holds 5.5% of the shares and 0.7% of the voting rights.
Sogou was originally a department of Sohu, but later it became a company independently. 2065438+In September 2003, Tencent injected US$ 448 million into sogou, and merged its Tencent search business and other related assets into sogou. After the transaction, Tencent acquired 36.5% of the diluted shares of sogou.
2017165438+1October 9, sogou officially landed in the US stock market. Tencent was already the largest shareholder in sogou. After the shareholding, Tencent and sogou indicated that they would * * * research and develop, jointly promote and fully integrate their products and services, and would conduct in-depth cooperation in the fields of search technology, user research and data mining.
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