Why Sohu.com Stock Jumped Today

Shares of Sohu.com (NASDAQ: SOHU) were climbing today for the second day in a row after Chinese tech giant Tencent (OTC: TCEHY) made an offer to buy its Sogou (NYSE: SOGO) search engine. 

As a result, Sohu.com shares were up 9.1% as of 12:22 p.m. EDT on Tuesday. Tencent was up 2% at the same time, while Sogou was actually down slightly after surging on Monday.

Image source: Getty Images.

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Source Fool.com