Fri, Feb. 5, 10:43 AM
- Youku Tudou (YOKU +0.2%) has set a special general meeting to consider its buyout by Alibaba.
- Shareholders will meet March 14 at 10 a.m. local time in Hong Kong to vote on the plan. If approved, American depositary shares would delist from NYSE as the company went privately held.
- Shareholders of record at the close of business Feb. 11 will be entitled to vote.
- Previously: Youku Tudou up 9.7% premarket on Alibaba buyout's higher price (Nov. 06 2015)
Nov. 6, 2015, 9:14 AM
- Youku Tudou (NYSE:YOKU) is up 9.7% premarket after Alibaba's definitive merger agreement has it paying a slightly higher amount than initially offered.
- The $3.67B figure Alibaba is paying comes to $27.60 per ADS for Youku Tudou, and even with the gains, Youku is trading premarket at $26.76/ADS.
- Alibaba held 18.3% of Youku Tudou when it made the initial $26.60/ADS offer; the new offer values the rest of the company at $4.77B.
- Previously: Youku Tudou up 24% following Alibaba buyout offer (Oct. 16 2015)
- Previously: Alibaba makes offer for rest of Youku Tudou (Oct. 16 2015)
Nov. 6, 2015, 7:05 AM
- Alibaba (NYSE:BABA) announces it will acquire Chinese online media provider Youku Tudou (NYSE:YOKU) for $27.60 per ADS. Shares of Youku Tuduo popped in October off of the original announcement of a go-private offer from Alibaba.
- The transaction is expected to close in Q1 of 2016.
- Previously: Youku Tudou up 24% following Alibaba buyout offer (Oct. 16 2015)
Oct. 16, 2015, 9:12 AM
- Youku Tudou (NYSE:YOKU) is up 23.8% premarket following Alibaba's (NYSE:BABA) offer to buy the rest of the company -- "China's YouTube" -- at a 30%-plus premium.
- Key Youku shareholders -- including founder and CEO Victor Koo and Chengwei Capital -- have entered a support agreement to vote their shares in favor of the $3.6B cash offer, which values Youku at $4.2B.
- The board is forming a committee of (a pair of) disinterested directors to consider the deal.
- BABA is up 0.5% premarket.
Oct. 16, 2015, 6:41 AM
- Alibaba (NYSE:BABA) has offered to acquire all the shares of Chinese video-streaming service Youku Tudou (NYSE:YOKU) it doesn’t already own, in a major bet on services outside its core e-commerce platforms.
- Alibaba is offering $26.60 per Youku Tudou ADR - a 30% premium for the remaining 82% of the company - totaling a purchase price of $3.6B in cash. At that level, Youku Tudou would be valued at $4.2B.
May 15, 2015, 10:11 AM
- A day after running up 17%, Youku Tudou (NYSE:YOKU) is off 7.5% as GeoInvesting points to Chinese media citations of a denial by the CEO of iQiyi (controlled by Baidu): "Information about merging between iQiyi and Youku is very much not true."
- GeoInvesting thinks Youku Tudou's headed back to $18 as news of the denial circulates. Shares are trading at $21.23.
- Previously: Youku, MagnaChip surge amid heavy call-buying (May. 14 2015)
Nov. 12, 2014, 8:04 AM
- Xiaomi (now China's biggest smartphone vendor and #3 worldwide) and Baidu (NASDAQ:BIDU) are each investing $300M in Baidu's iQiyi video site, China Business Daily reports.
- Meanwhile, Xiaomi has announced it's taking a stake in major iQiyi rival Youku (NYSE:YOKU) by acquiring shares on the open market. Xiaomi will also license content from Youku, and the companies will "jointly invest in the production and distribution of online video content and movies."
- The news comes a week after Xiaomi announced it's investing $1B to expand its Web video content library. The company claims 85M active users for its MIUI Android UI (pre-installed on its phones). Baidu/iQyi recently announced it would have distribution rights to 1K+ U.S. movies next year.
- Baidu, Youku, SOHU, and Tencent have been battling fiercely in a Chinese Web video market that features no dominant YouTube-like player for user-generated/short-form content, nor any dominant Netflix-like player for TV shows and movies. The market has seen huge mobile video growth: Mobile made up over 60% of Youku's Q2 video views.
- YOKU +3.6% premarket.
Apr. 28, 2014, 10:17 AM
- Sohu (SOHU -4.8%) missed Q1 estimates and provided light Q2 guidance. Meanwhile, as part of a recent crackdown, the Chinese government has pulled The Big Bang Theory and other popular U.S. shows from sites such as Sohu.com, Youku.com (YOKU -4.4%), Baidu's (BIDU -5%) iQiyi, and Tencent Video (TCEHY -2.8%). Time observes The Big Bang Theory has produced 1.3B video views since launching on Sohu TV in '09.
- The news is overshadowing a $1.22B investment in Youku by Alibaba (ABABA) and an affiliated P-E firm, and a WSJ report stating Alibaba is forming a mobile search JV with leading mobile browser firm UCWeb (once targeted by Baidu).
- The deals are the latest in a long line of investments and partnerships struck by Alibaba, Tencent, and Baidu, as each firm tries to build a Web/mobile empire covering over a dozen valuable markets.
- Is Qihoo (QIHU -0.8%) next in line to make a deal? With a $21.6B market cap, the security app/browser/search provider and Baidu rival is the biggest Chinese Internet company to remain independent of the big-3. Qihoo was reported in January to be talking with Alibaba.
- Other decliners: NQ -6.5%. VIPS -5.2%. WB -4.2%. WBAI -3%. LONG -4.5%. QUNR -2.4%.
Apr. 28, 2014, 7:20 AM
- 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)
Mar. 11, 2014, 4:42 PM
- Alibaba (ABABA) is spending $805M to buy a 60% stake in ChinaVision Media, a Hong Kong-based producer of films and TV dramas.
- The deal represents a big expansion of the Chinese e-commerce giant's attempts to carve a foothold in China's fast-growing and fragmented online/mobile video market. Though Youku (YOKU) remains the market's biggest player, strong competition is provided by Baidu, Sohu, and Tencent.
- Alibaba, Baidu, and Tencent have been constantly finding ways to encroach on each others' turf. Yesterday, Tencent announced it's buying a 15% stake in #2 Chinese e-commerce firm JD.com.
Aug. 20, 2012, 8:22 AM
Youku (YOKU -0.1%) and Tudou (TUDO) shareholders approve Youku's all-stock acquisition of Tudou in a deal that combines China's two biggest video Web sites and creates a company with over 300M weekly users. The transaction will increase Youku's lead over rivals Baidu (BIDU) and Tencent, and should generate savings of up to $60M/year.| Aug. 20, 2012, 8:22 AM
Mar. 14, 2012, 2:41 PMTencent (TCEHY.PK), owner of China's extremely popular QQ instant messaging platform, says it plans to make new acquisitions to lessen its dependence on the online gaming market, where it has a leading share. Many expect the pace of M&A activity among Chinese Internet names to pick up following Youku.com (YOKU) and Tudou's (TUDO) merger. | Mar. 14, 2012, 2:41 PM
Mar. 12, 2012, 4:22 PMWith a 36% share of the Chinese online video market, Youku.com (YOKU +27.4%) and Tudou (TUDO +156.5%) will tower over #2 Sohu.com (SOHU) and #3 Baidu (BIDU) following their merger, notes Jiang Zhang. Moreover, the tie-up will help the combined company address rising bandwidth and content costs, and allow Youku to enter the Chinese mobile video market. Zhang speculates smaller players such as Ku6 (KUTV +11.9%) could now be acquisition targets for Sohu or Baidu. | Mar. 12, 2012, 4:22 PM | 1 Comment
Mar. 12, 2012, 8:00 AM
Mar. 12, 2012, 6:50 AM
Sep. 23, 2011, 3:42 PM
Youku.com (YOKU +22.1%) rebounds sharply from yesterday's decline, after Susquehanna's Ming Zhao upgrades the Chinese video site to Positive and sets a $29 PT. Zhao sees Youku as a likely acquisition target, and names China Mobile (CHL) and Tencent (TCEHY.PK) as potential buyers. (previously)| Sep. 23, 2011, 3:42 PM