The deal, worth around $1 billion, has already caused the two stocks to skyrocket. Tudou‘s stock was up around 155 percent, and Youku was up 28 percent. Youku, the No. 1 video service in China, and Todou, the No. 2 company, have …
The company claims to be the leading Internet television company in China. It plans to list under the ticker “YOKU” on the New York Stock Exchange. The company claims that its Internet television platform enables consumers to search, view …
BEIJING--(BUSINESS WIRE)--Youku.com Inc. ("Youku" or the "Company") (NYSE: YOKU), a leading Chinese Internet television company, announced that its initial public offering of 15,847,700 American depositary shares ("ADSs"), each …
Paychex (PAYX): Staying in the sector, PAYX is upgraded to Neutral from Sell at Goldman. Youku.com (YOKU): The stock is added to the Conviction Buy List at Goldman. MEDNAX (MD): MD is moved to Buy from Hold at Deutsche …
Alibaba, the New York Stock Exchange-listed Chinese e-commerce giant, is getting into video in a major way, after it announced plans to buy out Youku Tudou, one of China’s top YouTube-like services, in an all cash deal. Alibaba …
Reporting from Beijing — Youku Inc., China’s leading online video site, reached an agreement to merge with its smaller competitor, Tudou, in a stock deal between the two New York-listed companies worth more than $1 billion. The deal, …
Youku’s shares were down 6 percent at $17.86 in early afternoon trading on the New York Stock Exchange, while Tudou was down 9 percent at $26.67 on the Nasdaq. Youku does not have much exposure to user-generated content, the …
Last week, shares of Youku, called the YouTube of China, rose 161 percent in the first day of trading on the New York Stock Exchange. E-commerce China Dangdang, an online retailer heralded as the Chinese Amazon.com, popped 87 …
Beijing Youku Inc, owner of China's most popular online video site, plans to acquire smaller competitor Tudou Holdings. in a $1 billion (Dh3 billion) stock deal that will help lower costs for licensing and transmitting content. Holders of Tudou's …
The last round of major mergers in the space occurred in 2012 and 2013, when Youku bought Tudou in a $1 billion stock deal and Baidu purchased PPS to fold into iQIYI. Banding together can also help companies that have a stake in …