Alibaba agrees Youku Tudou acquisition at $4.8b valuation
Alibaba Group has agreed to acquire US-listed Chinese online video platform Youku Tudou in an all-cash deal that values the company at approximately $4.8 billion.
According to a statement, Alibaba raised its offer to $27.60 per American Depositary Share (ADS) from an initial bid of $26.60 last month, which valued the target company at $4.2 billion. The new offer...
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