News Snapshot:
Tencent Holdings Ltd. has offered to buy out and take private search engine Sogou Inc. in a $2.1 billion deal, adding to a slew of Chinese technology giants seeking to delist from U.S. bourses. Tencent is offering $9 in cash for each American depositary share it doesn’t already hold in Sogou, backed by fellow internet giant Sohu.com Ltd. That’s a 57% premium to the target company’s Friday close. Sohu’s shares gained 40%, their most in a decade, while Sogou leapt a record 48% in New York. Chinese internet companies are exploring listings closer to home after a proposed U.S. bill...
