Alibaba To Acquire Youku Tudou - Quick Facts

(RTTNews) - Alibaba Group Holding Limited (BABA) and Youku Tudou Inc. (YOKU) announced a definitive merger agreement pursuant to which an affiliate of Alibaba Group will acquire Youku Tudou Inc., a leading multi-screen entertainment and media company in China, in an all-cash deal. The shareholders of Youku Tudou, other than the current investment entity controlled by Alibaba, will have the right to receive $27.60 per ADS, each representing 18 ordinary shares of Youku Tudou, in cash.

Youku Tudou is China's leading Internet television platform, enabling users to search, view and share high-quality video content quickly and easily across multiple device. If the transaction is completed, Youku Tudou's ADSs will no longer be listed on the NYSE. Following the completion of the deal, Victor Koo will remain as Chairman and CEO of Youku Tudou.