Wednesday, March 22, 2023
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Alibaba to Acquire Online Video Giant Youku Tudou

BEIJING/HANGZHOU: Alibaba Group is acquiring Youku Tudou in an all-cash transaction. In October, Alibaba offered to acquire all outstanding shares of Youku Tudou that it does not already own for $26.60 per American Depositary Share (ADS). With the new offer at $27.60 per ADS, Alibaba will end up paying around $3.67 billion for the online …

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