Alibaba, Jack Ma P-E fund to invest $1.22B in Youku Tudou


Alibaba (ABABA) and Yunfeng Capital, a private equity firm co-founded by Alibaba executive chairman Jack Ma, have agreed to acquire an 18.5% stake in Youku Tudou (YOKU) for $1.22B.

Alibaba and Yunfeng are paying $30.50 per American Depositary Receipt, or a 26.3% premium to Youku Tudou's close on Friday of $24.14.

Alibaba will hold around 16.5% in Youku and Yunfeng 2%.

The deal is the latest in a series of acquisitions that Alibaba has carried out over the past few months, spending at least $2.7B.

Youku Tudou ADRs are +14.75%. (PR)

From other sites
Comments (1)
  • Michael Bryant
    , contributor
    Comments (7060) | Send Message
     
    And.............(YOKU) ended down 5% today. Now it is even a better buy.
    28 Apr 2014, 08:08 PM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs