Tencent offers US$2.1bn for Chinese search giant

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Wed, Jul 29, 2020 page10 Tencent offers US$2.1bn for Chinese search giant Bloomberg Tencent Holdings Ltd (騰訊) has offered to buy out and take private search engine Sogou Inc (搜狗) in a US$2.1 billion deal, adding to a slew of Chinese technology giants seeking to delist from US bourses. Shares of the social media heavyweight yesterday climbed as much as 4.7 percent, buoyed by speculation that it would more closely integrate Sogou’s artificial intelligence technology with its own services and devices to gain an edge on rivals such as TikTok owner ByteDance Ltd (字節跳動). Tencent has in the past few...