China antitrust: Beijing approves Tencent’s acquisition of search engine Sogou after vetoing Huya-Douyu merger

Source: Tech – South China Morning PostChina’s antitrust watchdog has granted tech giant Tencent Holdings “unconditional approval” to buy out US-listed search engine Sogou, a sign of relief for the country’s Big Tech companies as Beijing has been tightening its scrutiny of the sector.The decision to clear the deal was announced on Tuesday as part of a larger list of approved deals on the website of the State Administration for Market Regulation’s (SAMR) antitrust bureau, which noted that the regulator’s review of the deal concluded…Read More

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