Zhong Lun Advises on Privatization of Sogou
Zhong Lun Advises on Privatization of Sogou
On September 23, 2021, Sogou Inc. (NYSE: SOGO), an innovator in search and a leader in China's internet industry, announced the completion of its going-private transaction and becoming wholly owned by Tencent. The transaction, unconditionally approved by the State Administration for Market Regulation on July 13, 2021, was effected through a statutory short-form merger after Tencent’s purchase of all of Sohu’s shares in Sogou.
Zhong Lun acted as Sogou’s PRC counsel in this transaction. The Zhong Lun team was led by Anthony Zhao and William Jia and included Summer Huang, Crystal Li, etc.; Frank Jiang,Linge Zhao and Yiwei Wu advised on antitrust-related issues; and Xianshi Meng and Mark Gao also provided legal support in their respective areas of expertise.