Tencent to take China's Sogou private in $3.5b deal

Tencent to take China's Sogou private in $3.5b deal

Tencent Holding Ltd

Sogou Inc said on Tuesday it would be taken private by shareholder Tencent Holdings Ltd for $9 per share in cash, valuing the Chinese web search firm at about $3.5 billion.

U.S.-listed shares of the company were up about 3% in premarket trading.

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