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Tencent Holdings Is Acquiring Sogou and Taking It Private

Tencent Holdings Is Acquiring Sogou and Taking It Private

China's Tencent Holdings (OTC: TCEHY) announced Tuesday that it has signed a definitive agreement to acquire the entirety of compatriot search engine operator Sogou (NYSE: SOGO). Tencent, which already has a substantial stake in Sogou, will then take the company private. Tencent originally announced its offer in July.