Scalper1 News
China e-commerce titan Alibaba Group (BABA) struck a sweetened deal to buy China video provider Youku Tudou (YOKU) — known as China’s YouTube — sending Youku Tudou stock higher on Friday and setting China’s video wars on high. Alibaba will pay $27.60 per American depositary share, a 35.1% premium over the closing price of Youku Tudou’s stock on Oct. 15, the day before it announced it had received the buyout proposal from Alibaba, and a 13% premium Scalper1 News
Scalper1 News