China search engine Sogou to be taken private by Tencent

Chinese tech giant Tencent, the parent company of social media company WeChat, plans to take the US-listed search engine Sogou private More Chinese search engine Sogou confirmed Tuesday it would be taken private by tech giant Tencent, in a deal that values the US-listed firm at around $3.5 billion. The announcement comes a day after Chinese internet giant Sina Corp, parent company of the country’s Twitter-like platform Weibo, said it would be taken private. A growing number of Chinese companies have delisted from the US or opted for secondary, domestic listings as the world’s two superpowers butt heads over a…