Alibaba, Yunfeng Agree To Buy $1.22 Billion Stake In Youku Tudou - Presented by: The Aol. On Network

Alibaba Group Holding Ltd and a private equity firm co-founded by its executive chairman Jack Ma have agreed to buy a $1.22 billion stake in Chinese online video company Youku Tudou Incorporated. Youku Tudou said in a statement on Monday Alibaba and Yunfeng Capital are paying $30.50 per American Depositary Receipt of Youku, or a 26.3 percent premium over the last traded price.



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