Rumor: Alibaba Acquires Sogou
TechWeb, 6/07/13
According to a post on the official microblogging account of Feng Dahui, Chief Technical Officer of online academic portal Dxy.cn, Chinese e-commerce conglomerate Alibaba Group has reached an agreement to acquire internet firm Sohu's (Nasdaq: SOHU) online search subsidiary Sogou.
A spokesperson for Sogou denied the rumor, while Alibaba declined to comment.
Editor's Note: For more information on this topic, please see "Rumor: Baidu Acquires Sogou," MD 5/17/13 and "Update: Search Rivals Compete to Acquire Sogou," MD 5/13/13 and "Sogou to Buy Back Shares from Alibaba," MD 7/02/12 issues.
Keywords: Internet online search Sogou Sohu Feng Dahui Alibaba Group M&A
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