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China market regulator approves Tencent's US$3.5 billion deal to take Sogou private

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China's antitrust regulator unconditionally approved on Tuesday Tencent Holdings Ltd's plan to take the country's no.3 search engine Sogou Inc ...

China's antitrust regulator unconditionally approved on Tuesday Tencent Holdings Ltd's plan to take the country's no.3 search engine Sogou Inc private in a US$3.5 billion deal.

FILE PHOTO: A logo of Tencent is seen during the World Internet Conference in Wuzhen, Zhejiang province, China, November 23, 2020. REUTERS/Aly SongREUTERS: China's antitrust regulator unconditionally approved on Tuesday Tencent Holdings Ltd's plan to take the country's no.3 search engine Sogou Inc private in a US$3.5 billion deal.AdvertisementThe deal, announced in September, was for Tencent to buy the 60per cent of U.S.

 

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