Tencent’s intention to take private Sogou, China’s second-largest search engine behind Baidu, was “unconditionally authorized” by China’s top antitrust regulator on Tuesday. Tencent’s Hong Kong shares rose 3.7 percent on Wednesday after receiving approval from the State Administration of Market Regulation. The deal, which is estimated to be worth $2 billion, was first announced in July 2020. [Chinese version of the SAMR news release]
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