Tencent Provides to Purchase Out U.S.-Listed Chinese language Search Giࢀ¦

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 doesnࢀ™t already maintain in Sogou, backed by fellow web big Sohu.com Ltd. Thatࢀ™s a 57% premium to the goal firmࢀ™s Friday shut. Sohuࢀ™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…