TITLE

China's Alibaba Offers to Fully Acquire Youku Tudou, Deal Values Web Video Giant at $4.2B

AUTHOR(S)
Szalai, Georg
PUB. DATE
October 2015
SOURCE
Hollywood Reporter;10/17/2015, Vol. 421, p41
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on a deal which involves the acquisition of full control in video-sharing web site Youku Tudou by Chinese electronic commerce film Alibaba Group. Topics discussed include the acquisition offer made by Alibaba executive chairman Jack Ma which involves American depositary shares (ADS), the strategic investment initially made by Alibaba in Youku Tudou in May 2014, and the favorable response of some Youku shareholders such as board chairman Victor Koo to the deal.
ACCESSION #
110384564

 

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