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Alibaba to Buy Youku Tudou

Chinese e-commerce group Alibaba has made an offer to buy out Youku Tudou, one of China’s largest streaming video operators. Alibaba is offering US$26.60 per American Depositary Share of Youku Tudou, an offer which it says is 30% above the ADS’s recent trading price. http://variety.com/2015/biz/asia/alibaba-to-buy-online-video-giant-youku-tudou-1201619743/ #EntertainmentBiz

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