Alibaba stock traded up about 0.3% in the premarket, at $85.64 in a 52-week range of $57.20 to $120.00. Youku Tudou’s ADSs traded up nearly 9%, at $26.55 in a 52-week range of $11.85 to $31.50.
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, …
The new price is 35 percent above Youku’s stock price the day before the initial bid was disclosed. Youku’s board has approved the merger agreement, Alibaba, which already owned a minority stake in the company, said Friday in a …
Chinese Internet video giant Tudou has announced that it is to combine its service with that of rival Youku in a 100% …
As billionaire Jack Ma browses Hollywood for movies and TV shows ... A takeover valuation for Youku, whose stock has slumped 38 percent this year, would be low, if based on a multiple of its sales or earnings, said Mewawalla at CM …
Goldman Sachs expects online video company Youku.com Inc. to recoup its recent tumble–its American depositary shares are down 36% this month–and get back to $55. The stock has cratered amid “China Internet sector de-risking …
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Alibaba also integrates its streaming video platform, Youku Tudou, into SINA's portals and Weibo's network ... 10 stocks we like better than Sina When …
The law firms allege that Youku — listed on the New York Stock Exchange as YOKU — made false and misleading statements about its revenue, failed to properly record non-monetary transactions, and lacked "internal controls over …