The Shenzhen-based gaming and social media giant is offering $9 in cash for each of Sogou's American Depositary Share that it doesn't already own, according to an online statement Sogou put out on Tuesday. The deal, if completed, would see the company go private and become a wholly owned subsidiary of Tencent. Sogou's shares jumped 48% to $8.5 as of Tuesday market close, valuing the Beijing-based firm at $3.3 billion.