Tencent’s Acquisition of Sogou Gets China Approval

(Bloomberg) –Tencent’s acquisition of Sogou got approval from China’s anti-monopoly regulator, according to a statement on website of the State Administration for Market Regulation.

  • The statement doesn’t give more details on the deal
  • The approval is among 20 approvals from the administration’s anti-monopoly bureau during July 5-12
  • Tencent shares rose as much as 4.3% in morning trading in Hong Kong
  • On April 9, China Set to Clear Tencent’s $3.5b Sogou Deal: Reuters