Sogou responds to Tencent's acquisition offer. How much will Tencent pay for Sogou?

Many investors will pay attention to the stock prices of some companies, and news about some company acquisitions will also attract attention. Recently, there is news that Tencent will acquire Sogou in full at a price of $9 per share, which is worth noting. However, Sogou has responded to Tencent's acquisition offer. What is the response?

Tencent is an internet-based platform company that uses technology to enrich the lives of internet users and help businesses upgrade their digitalization efforts. Sogou was originally a subsidiary of Sohu Inc. It was launched on August 3, 2004 with the aim of enhancing the search capabilities of Sohu.com and mainly operates Sohu Inc.'s search business.

Tencent to acquire Sogou

According to the latest news, Tencent has made a preliminary non-binding acquisition offer to Sogou. It is reported that Tencent intends to acquire the remaining shares of Sogou at a price of US$9 per ADS. Affected by this, Sogou and Sohu's pre-market gains in the U.S. stock market continued to expand. Sogou's pre-market gains in the U.S. stock market once exceeded 43%. As of 22:55 on the evening of July 27, Beijing time, Sogou's stock price was US$8.52 per share, up 48%.

However, Sogou responded to Tencent's acquisition offer. Sogou CEO Wang Xiaochuan posted on his WeChat Moments that he was grateful to Tencent for recognizing Sogou's value, technical capabilities, and product innovation capabilities. We will seriously discuss and weigh the relevant issues next so that Sogou can continue to create greater value for users.