Why Sohu.com Stock Jumped Today

Shares of Sohu.com (NASDAQ: SOHU) were climbing on a report that Tencent (OTC: TCEHY) was set to complete its acquisition of Sogou. This will pave the way for a payday for Sohu.com, the Chinese online media company that owns a third of Sogou.

As of 1:05 p.m. EDT, the stock was up 13.6%.

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