18.09.2013 08:24:00
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Tencent Holdings Limited -- Moody's: Tencent's investment in Sogou is credit positive
Hong Kong, September 18, 2013 -- Moody's Investors Service says that Tencent Holdings Limited's announced acquisition of a 36.5% stake in Sohu.com Inc's (unrated) search unit "Sogou" for USD448 million is credit positive, but will not impact its Baa1 rating and stable outlook.