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.