Logo 14 Jul 2021

Sogou gets so got

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On Tuesday, the State Administration of Market Regulation (SAMR) gave Tencent Holdings Ltd. unconditional approval to privatize US-listed Sogou Inc., a Chinese search engine.

Hallelujah!

Some context: Tencent, which currently owns 39.2% of Sogou, originally announced the deal to buy out the remain...