Alibaba (BABA) Sweetens Deal to Acquire Youku Tudou (YOKU)
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Alibaba to pay about $3.7 billion for 'China's YouTube'
November 6, 2015 6:51 AM ESTBy Anya George Tharakan and Devika Krishna Kumar
(Reuters) - Alibaba Group Holding Ltd (NYSE: BABA) agreed to buy Youku Tudou Inc (NYSE: YOKU) - popularly known as "China's YouTube" - for about $3.7 billion, slightly more than it had offered in October.
The deal announced on Friday will give the e-commerce giant access to more than half a billion online video users, accelerating its push into the Chinese digital media market.
It is also a vote of confidence in China's economy by Alibaba Chairman Jack Ma, who... More
Alibaba (BABA) to Acquire Youku Tudou (YOKU) for $27.60/ADS
November 6, 2015 6:38 AM ESTAlibaba (NYSE: BABA) and Youku Tudou Inc. (NYSE: YOKU) announced their entry into a definitive merger agreement pursuant to which an affiliate of Alibaba Group (Alibaba) will acquire Youku Tudou Inc., a leading multi-screen entertainment and media company in China (Youku Tudou), in an all-cash transaction (the Transaction).
Upon completion of the Transaction, the shareholders of Youku Tudou, other than the current investment entity controlled by Alibaba, will have the right to receive US$27.60 per American Depositary Share (ADS, each representing 18 ordinary shares of Youku Tudou) in cash. The price... More
