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Tencent wants to take full control of long-time search ally Sogou

Mimi Sabreena 11:29:00 AM Business

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It’s been seven years since Tencent picked up a 36.5% stake in Sogou to fend off rival Baidu in the online search market. The social and gaming giant is now offering to buy out and take private its long-time ally. NYSE-listed Sogou said this week it has received a preliminary non-binding proposal from Tencent to …

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