Sohu sell Sogou stakes to Alibaba and funds
Published: 09 Aug 2010 02:09:52 PSTBEIJING, Aug 9 - Sohu.com Inc <SOHU.O>, China's No.2 Internet portal, said on Monday it will sell 32 percent of of its Sogou search engine to investors, including top Chinese e-commerce firm Alibaba Group.
Sohu will sell 16 percent to Alibaba Group, parent of Alibaba.com <1688.HK> and Yunfeng fund, co-founded by Alibaba's Chairman Jack Ma, and another 16 percent to a fund invested by Sohu Chairman Charles Zhang, the companies said in a statement.
Sohu would hold the remaining 68 percent stake in Sogou, it said.
The financial details of the transaction were not provided.
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