Ron Burgundy Posted October 16, 2015 Share Posted October 16, 2015 (Reuters) - Alibaba Group Holding Ltd offered to buy all of the shares of Youku Tudou Inc that it does not already own in a deal that would value the Chinese video streaming company at about $5.2 billion. Alibaba already owns 18.3 percent of Youku Tudou - sometimes nicknamed China's YouTube - having bought into the company in May 2014 as part of its push into online video. The Chinese e-commerce giant said its all-cash offer of $26.60 per American Depositary Share represented a premium of 30.2 percent to Youku Tudou's closing price on Thursday. View the full article Quote Link to comment Share on other sites More sharing options...
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