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Sohu.com Limited reports recurring developments for a Chinese online media platform and game business group whose securities trade on Nasdaq as American depositary shares. Company updates commonly cover unaudited quarterly and annual results, marketing services revenue, online game revenue, gross margin trends, and annual report availability.
Sohu operates Chinese-language web and mobile properties including Sohu News App, Sohu Video App, its mobile and PC portals, and community-based content services using text, pictures, video, and live broadcasting. Its online games business is conducted through Changyou, which develops and operates PC and mobile games including Tian Long Ba Bu (TLBB), Legacy TLBB Mobile, and related game platforms.
Sohu.com Limited (NASDAQ: SOHU) announced that its subsidiary, Sogou Inc. (NYSE: SOGO), received a non-binding acquisition proposal from Tencent Holdings Limited. The proposal offers $9.00 per share, representing a premium of approximately 56.5% over Sogou's closing share price on July 24, 2020. If accepted, Sogou would become a wholly-owned subsidiary of Tencent, and its shares would be delisted. Sohu's board has yet to evaluate the proposal, and Tencent plans to finance the acquisition entirely with cash on hand.
Sohu.com Limited (NASDAQ: SOHU), a major online media and gaming group in China, will announce its second quarter 2020 unaudited financial results on August 10, 2020, before U.S. markets open. The management team will host a conference call on the same day at 7:30 a.m. ET. Due to COVID-19, pre-registration for the call is required, with details available online. A replay will be accessible from 10:30 a.m. ET on August 10 through August 18, 2020. Sohu is renowned for its online media, search engine, and gaming services, significantly impacting the daily lives of millions in China.