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Tencent offers to buy out search engine Sogou in $2.1bn deal

WorldNews Tuesday, 28 July 2020 ()
Tencent offers to buy out search engine Sogou in $2.1bn dealPortland/Hong Kong — Tencent Holdings has offered to buy out and take private search engine Sogou in a $2.1bn deal, adding to a slew of Chinese technology giants seeking to delist from US bourses. Shares of the social media heavyweight Tencent climbed as much as 4.7% on Tuesday, buoyed by speculation it will more closely integrate Sogou’s artificial intelligence (AI) technology with its own services and devices to gain an edge on rivals such as TikTok owner ByteDance. Tencent, in which Naspers has a...
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Sogou Chinese Internet search engine


Tencent Tencent Chinese internet conglomerate

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Portland, Oregon Portland, Oregon The most populous city in Oregon, US

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ByteDance Chinese multinational internet technology company

WH Staffers Struggle To Justify Trump's Demand For 'Key Money' In TikTok Deal [Video]

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The biggest problem with Microsoft’s fractured TikTok deal

Illustration by Alex Castro / The Verge

Microsoft has six weeks to close one of the strangest deals in tech industry history. On Sunday, the company..

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Microsoft Confirms Talks to Buy TikTok in America [Video]

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US should get a very large percentage of TikTok sale proceeds: Trump

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Naspers Naspers South African Internet company


TikTok TikTok Video-sharing application

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