Chinese Video Company Youku Plans To Acquire Rival Tudou

Posted on Mar 13 2012 - 11:16am by Editorial Staff

What to be called it as an interesting and strategic move – Chinese online video company Youku agreed to acquire its major rival Tudou in a stock transaction deal, valued at about $864 million, reports WSJ. The deal will result into creating the largest company in China on advertising revenue terms and representing a bid for dominance in a fast-growing and increasingly competitive sector in the country.

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