Communication Aug 11, 2020 09:49 PM (GMT+8) · EqualOcean
Sogou announced that the special committee of the company's board of directors has retained Duff & Phelps as its independent financial adviser. Under the Proposal, Tencent proposed to acquire all of the outstanding ordinary shares, including ordinary shares represented by American depositary shares (ADSs), of Sogou that are not already owned by Tencent for USD 9.00 in cash per ordinary share or ADS (the Proposed Transaction). The Company cautions its shareholders and others considering trading the Company's securities that neither the Board nor the Special Committee has made any decision with respect to the Company's response to the Proposal.

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