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What is Tencent's plan to acquire sogou for 65.438+0.47 billion yuan?
On the evening of July 27th, sogou announced that the board of directors of the company had received a privatization offer from Tencent, and Tencent would acquire all the outstanding common shares in sogou at a price of $9 per share. Once the transaction is completed, sogou will become an indirect wholly-owned subsidiary of Tencent, and sogou will be delisted from NYSE.

Sogou responded to Tencent's offer and thanked Tencent for its recognition of sogou's value, technological capability and product innovation capability. Next, we will seriously discuss and measure related issues, so that sogou can continue to create greater value for users.

According to the proportion of the current tradable shares in sogou and Tencent's shareholding, the price of Tencent's acquisition of sogou will exceed US$ 265,438+billion (about RMB 147 billion).

Extended data

Tencent holds nearly 40% of the shares in sogou.

In May 2020, sogou released the unaudited financial report for the first quarter of 2020. Data show that sogou's revenue in the first quarter was 65.438+79 billion yuan (RMB, the same below), up 5% year-on-year.

The financial report shows that in the first quarter, search and search-related income was 654.38+658 million yuan (US$ 238 million), up 654.38+0% year-on-year, and the pay-per-click service based on auction continued to grow year-on-year, accounting for 965.438+0.0% of search and search-related income, compared with 87.2% in the same period of 2065.438+09; Other income was 65.438+38 billion yuan (US$ 20 million), up 6% year-on-year, mainly due to the increase in sales revenue of intelligent hardware products. In addition, in this quarter, the input method DAU of sogou was 482 million, up 9% year-on-year, and the average daily voice request reached 654.38+04 billion.

As of March 3, 2020, Tencent holds nearly 40% of the shares of sogou, Sohu holds 33.8%, Zhang Chaoyang holds 6.4% and Sogou CEO Wang Xiaochuan holds 5.5%.

National Business Daily-Late at night! Tencent's 65.438+0.47 billion yuan is a big deal, and it plans to acquire sogou wholly.