Alibaba Buys $1.22Bn Stake In Youku Tudou, China’s YouTube - Presented by: The Aol. On Network

E-commerce giant Alibaba, part of Yahoo, is buying a $1.22 billion stake in Youku Tudou, the main online video provider in China, akin to YouTube. Alibaba and Yunfeng Capital are paying $30.50 per American Depositary Receipt of Youku, or a 26.3% premium over the last traded price, Youku Tudou said in a statement. The two companies will jointly own a 18.5 percent stake in Youku. Alibaba CEO Jonathan Lu will join Tudou’s board.



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