Why Sogou Stock Gained 12.5% Last Month [The Motley Fool]
Sohu.com Limited - American Depositary Shares (SOHU)
Last sohu.com limited - american depositary shares earnings: 3/9 02:35 am
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Source: The Motley Fool
Why Sogou Stock Gained 12.5% Last Month What happened Shares of Sogou ( NYSE:SOGO Global Market Intelligence Sohu.com Changyou.com CQQQ YCharts Like Changyou, Sogou was spun off from Chinese online media company Sohu.com. The search engine spinoff's stock rose roughly 9% in the day of trading after Sohu revealed its offer to acquire and reintegrate Changyou in a $00 million deal. Image source: Getty Images. So what Sohu's press release detailing its plans to reintegrate Changyou made no mention of plans for Sogou, but the market may have either reacted favorably to the deal improving Sohu's overall competitive outlook or interpreted it as a sign that Sogou could also be bought out and folded back into the parent company. Though Changyou has yet to accept Sohu's offer, the market appears to anticipate that the deal will go through. The game company's stock has continued to go up toward the $0-per-share buyout price stipulated in Sohu's proposal -- and Sogou's stock has seen correspond
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