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Why Sohu.com Stock Jumped Today

Jeremy Bowman, The Motley Fool
·2 min read
Why Sohu.com Stock Jumped Today

Shares of Sohu.com (NASDAQ: SOHU) were climbing on a report that Tencent (OTC: TCEHY) was set to complete its acquisition of Sogou. This will pave the way for a payday for Sohu.com, the Chinese online media company that owns a third of Sogou. According to an exclusive report from Reuters, China's antitrust regulator had cleared the way for Tencent to complete its acquisition of Sogou, China's No. 3 search engine.

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