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Alibaba agrees increased bid for video site Youku Tudou
2015-11-06 15:29:00| Telecompaper Headlines
(Telecompaper) Alibaba has agreed to increase its bid to acquire Chinese online video service Youku Tudou. The e-commerce giant increased its offer to USD 27.60 per Youku Tudou ADS, up from USD 26.60 when the company first announced its intentions in mid-October. The price is a premium of 35.1 percent on Youku Tudou's share price on 15 October, the day prior to the initial announcement and a 49.9 percent premium on the average share price in the three months prior. Youku Tudou's board recommended the improved offer to shareholders, based on the recommendation of an independent special committee set up to evaluate the offer. Alibaba already has a stake in the company of 18.3 percent and taking control of Youku Tudou will support Alibaba's plans to expand into the content market.
Tags: site
video
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bid
Mid-Day Market Update: Youku Tudou Jumps Following Announcement of...
2015-10-16 19:56:29| Livestock - Topix.net
Midway through trading Friday, the Dow traded up 0.19 percent to 17,173.85 while the NASDAQ climbed 0.01 percent to 4,870.56. The S&P also rose, gaining 0.14 percent to 2,026.66.
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market
update
announcement
Alibaba makes USD 3.6 bln bid for Touku Tudou
2015-10-16 15:09:00| Telecompaper Headlines
(Telecompaper) Alibaba said has it has made a bid for the shares it does not already own in Chinese internet TV company Touku Tudou of USD 26.60 per share in cash, or a total of USD 3.6 billion. Alibaba already has a stake in the company of 18.3 percent. The proposal is subject to satisfactory completion of due diligence by Alibaba and the negotiation of a mutually acceptable definitive merger agreement. Under Alibaba's proposal, Youku founder Victor Koo would continue to lead the business as chairman and chief executive officer. Alibaba is making the proposal with the support of the founding shareholders of Youku, including Victor Koo, Chengwei Capital and their affiliates.
Youku Tudou enters the hardware business
2014-12-10 12:30:10| Digital TV News
Internet TV company, Youku Tudou (NYSE: YOKU), has announced the launch of its Cloud Entertainment business unit and the unit's first batch of hardware products consisting of a WiFi router, smart TV box, and large Android tablet.
Tags: business
hardware
enters
tudou
Xiaomi inks partnership, investment deal with Youku Tudou
2014-11-12 14:00:00| Telecompaper Headlines
(Telecompaper) Chinese internet television company Youku Tudou has announced a strategic partnership with Xiaomi. The two companies will jointly develop content and technology, including multi-screen online video services. Xiaomi will also buy an unspecified number of Youku Tudou shares and license content from the company. The two companies will jointly invest in the production and distribution of online video content and movies. Youku Tudou said that its monthly active user base has passed 500 million, with its daily video views going beyond the 800 million mark.
Tags: deal
investment
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inks