– Sohu.com Limited (NASDAQ: SOHU) (“Sohu” or the “Company”), China’s leading online media, video and games group, today announced the completion of the proposed transaction. share purchase agreement, dated September 29, 2020 and amended on December 1, 2020 and further amended on July 19, 2021 by and among the Company, the indirect wholly owned subsidiary of the Company, Sohu.com ( Search) Limited (“Sohu Search”), and TitanSupernova Limited (“Parent”), an indirect wholly owned subsidiary of Tencent Holdings Limited (“Tencent”), in which Sohu Search sold all of the Class A common shares, d ” a par value of $ 0.001 per share, of Sogou Inc. (NYSE: SOGO) (“Sogou”) and Class B common shares, with a par value of $ 0.001 per share, of Sogou held by Sohu Search to Parent at a purchase price of $ 9.00 per share (the “Purchase of Sohu Tencent Sogou Shares”). Sohu received approximately $ 1.18 billion in gross cash consideration from the purchase of Sohu Tencent Sogou shares and no longer has any stake in Sogou.

As previously announced, Sogou is party to a Definitive Agreement and a Merger Plan, dated September 29, 2020 and modified on December 1, 2020 and amended again on July 19, 2021 (as amended, the “Sogou Merger Agreement”), by and between Sogou, the parent company and two other wholly owned subsidiaries of Tencent , THL A21 Limited and Tencent Limited mobility. Pursuant to the Sogou Merger Agreement, the parent company merged with and into Sogou (the “Sogou Merger”), with Sogou remaining the surviving company, with effect shortly after the completion of the Sohu / Tencent Purchase of Sogou shares. The Sohu / Tencent The purchase of Sogou shares and the merger of Sogou made Sogou a private company indirectly owned 100% by Tencent .

Safe Harbor Declaration

This announcement includes statements that constitute “forward-looking statements” within the meaning of Section 21E of the Securities Exchange Act of 1934. Statements that are not historical fact, including statements regarding the opinions and expectations of Sohu and of Sohu’s management are forward-looking statements. Such statements are based on current plans, estimates and projections, which involve inherent risks and uncertainties. The Company cautions you that a number of important factors could cause actual results to differ materially from those contained in any forward-looking statement. The Company assumes no obligation to update any forward-looking statements or other information included in this press release, except as required by applicable law.

About Sohu.com Limited

Sohu.com Limited (NASDAQ: SOHU) is from China the leading online brand and essential to the daily lives of millions of Chinese, providing a network of web properties and community / Web 2.0 products that provide Sohu’s vast user community with a wide range of information choices, entertainment and communication. Sohu has built one of the most comprehensive Chinese language web property matrices, comprising the mass portal and leading online media destination www.sohu.com; developer and operator of online games www.changyou.com/en/; and the online video website tv.sohu.com.

Sohu’s corporate services consist of online brand advertising on Sohu’s website matrix. Sohu also provides several news and information services on mobile platforms, including Sohu News App and mobile news portal m.sohu.com. Changyou, online gaming subsidiary of Sohu, develops and operates a diverse portfolio of PC and mobile games, such as Tian Long Ba Bu (“TLBB”), one of the most popular PC games China . Changyou also owns and operates the 17173.com website, an online gaming information portal. China . Sohu, created by Dr. Charles Zhang, one of the from China pioneers of the internet, is in its twenty-fifth year of existence.

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SOURCE Sohu.com Limited