Receipt of a Preliminary Non-Binding Proposal to Acquire SOGO

NYSE:SOGO   Sogou Inc
Sogou Announces Receipt of a Preliminary Non-Binding Proposal to Acquire the Company

The Company expects that a special committee of the Sogou Board, composed solely of independent directors, will consider the Proposal Letter and the Proposed Transaction.

Trade active: Tencent Offers $2.1 Billion for Chinese Search Giant Sogou

Shares of the social media heavyweight climbed as much as 4.7% Tuesday, buoyed by speculation it will more closely integrate Sogou’s AI technology with its own services and devices to gain an edge on rivals like TikTok-owner ByteDance Ltd.

Chinese internet companies are exploring listings closer to home after a proposed U.S. bill threatened to force them to delist from New York by imposing stricter disclosure requirements -- a prospect that looks increasingly plausible as the Trump administration amps up action against Beijing on multiple fronts.


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