News Snapshot:
Tencent Holdings Ltd. has provided to purchase out and take non-public search engine Sogou Inc. in a $2.1 billion deal, including to a slew of Chinese language know-how giants looking for to delist from U.S. bourses. Tencent is providing $9 in money for every American depositary share it doesn’t already maintain in Sogou, backed by fellow web big Sohu.com Ltd. That’s a 57% premium to the goal firm’s Friday shut. Sohu’s shares gained 40%, their most in a decade, whereas Sogou leapt a document 48% in New York. Chinese language web firms are exploring listings nearer to house after a...
