Chinese search engine company Sogou said Monday it expects to complete a merger with Tencent in the second half of this year. According to the merger deal agreement, a subsidiary of Tencent named TitanSupernova will buy out all Sougou’s shares from its current controlling shareholders. After the merger, Sogou will become a private firm owned by Tencent and delist from the New York Stock Exchange. Initiated last September, the deal is worth $3.5 billion and cleared by Chinese market regulators in July. [Sogou]
Wang Xiaochuang, CEO of search engine company Sogou, may step down as it completes a sale to Tencent, Jiemian reports. Tencent vice president Yin Yu may replace Wang. Tencent is expected to finish business consolidation with Sogou as early as August, the report said. Most of Sogou’s business, including search engine and browser units, will be incorporated into Tencent Kandian, a news and content unit. [Jiemian, in Chinese]
China’s top antitrust regulator said Tuesday it had “unconditionally approved” Tencent’s plan to take private Sogou, China’s second-largest search engine after Baidu. The blessing from the State Administration of Market Regulation sent Tencent’s shares in Hong Kong up 3.7% on Wednesday. The deal, valued at approximately $2 billion, was first announced in July 2020. [SAMR press release, in Chinese]
Chinese tech giant Tencent proposed buying out Chinese search engine Sogou, a move that will privatize Sogou and take it off US stock exchanges.
A TechNode reporter tries out an AI-powered grammar tool from search company Sogou. It think it can make some improvements on William Shakespeare.
Sogou Search and Sogou Map launched the “Confirmed patients in my community” search feature to check the situation in their surroundings.
The AI will deliver human-like visual and voice news reporting via text transcripts.
Shenma, the mobile search unit of Alibaba has filed a lawsuit against Sogou for traffic hijacking, local media has reported (in Chinese).
“You recognize that the world has changed, but you know that to adapt and change your company’s culture you need to defeat a layer of inertia. It’s like setting broken bones, painful and hard.” —Wang Xiaochuan For Sogou, November 9, 2017, was a very good day – the company had made it onto the New […]
At the start of the Sogou Partner Conference in Beijing, the audience heard a recording that sounded like American President Donald Trump congratulating Sogou on the recent IPO and how this was a step forward for American-Chinese relations. We were wondering if President Trump had started watching CCTV instead of Fox News until we realized that […]