YOU On Demand Holdings, Inc.NASDAQ
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  • Mon, Sep. 19, 9:52 AM
    • You On Demand (NASDAQ:YOD) is up 3.2% in early going, having just signed an offer to buy most of M.Y. Products and moving to change its corporate name.
    • The company has a nonbinding term sheet with Sun Video Group HK Limited, an affiliate of YOD chairman Bruno Wu's, to buy 51% of M.Y. Products, a video commerce and supply chain management operator.
    • It's paying $50M in its common stock and $800,000 cash, and if MYP doesn't meet a guarantee of $200M top-line (and reach profitability) within 12 months, the stock will be forfeited back.
    • You on Demand is also changing its name to WeCast Network, effective in Q4. It's seeking to change its Nasdaq ticker to WCST.
    | Mon, Sep. 19, 9:52 AM | 2 Comments
  • Apr. 30, 2014, 11:56 AM
    • Alibaba's investment in Chinese online video leader Youku could lead Baidu or another firm to take a look at You On Demand (YOD +8.1%), thinks Chardan Capital. The firm adds You's paid subscription model and Hollywood movie library make it an appealing target.
    • Needless to say, You and Youku and are very different companies. Youku had 2013 revenue of $500.3M (largely from ad revenue), and sports a $4.1B market cap. You had 2013 revenue of $309K, and has a $47M market cap.
    • Previous: You on Demand falls after SA author sets $0.50 target
    | Apr. 30, 2014, 11:56 AM