Alibaba offers $4.6bn to buy streaming platform
Chinese e-commerce conglom Alibaba Group is to buy out video streaming site Youku Tudou for US$4.6 billion. Alibaba currently has an 18.3% stake in the business, but is planning on buying the rest for US$26.60 per American depository share in an all-cash deal. The price set out in a proposal letter to shareholders of the […]