Fri, Nov. 6, 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)
Fri, Nov. 6, 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)
Fri, Oct. 16, 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.
Fri, Oct. 16, 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.
Fri, May 15, 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 AMYouku (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 | Comment!
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 | Comment!
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 PMYouku.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 | Comment!
Youku Tudou Inc is an Internet television company in china. Its internet television platform enables consumers to search, view and share high-quality video content quickly and easily across multiple devices.
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