Qihoo 360 Finalizes Sogou Deal: Report
NEW YORK (TheStreet) -- Qihoo 360
According to a source close to the situation, Brightwire learned that Sogou, a subsidiary of Sohu.com
A deal between the two companies has been rumored for some time, but in recent weeks, speculation has picked up. Sogou has been linked to acquisition rumors in the past, with names such as Tencent, Qihoo and Baidu
The acquisition is expected to boost Qihoo's market share in the lucrative Chinese search market. Sogou currently has less than 10% of the market, but 360 Search, Qihoo's search engine, has 16.3%, according to an industry Web site.
Qihoo has not yet responded to a request for comment on this story.
--Written by Chris Ciaccia in New York
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