BEIJING and HANGZHOU, China, Nov. 6, 2015 /PRNewswire/ -- Alibaba Group Holding Limited (NYSE: BABA) and Youku Tudou Inc. (NYSE: YOKU) today announced their entry into a definitive merger agreement pursuant to which an affiliate of Alibaba Group ("Alibaba") will acquire Youku Tudou Inc., a leading multi-screen entertainment and media company in China ("Youku Tudou"), in an all-cash transaction (the "Transaction"). Upon completion of the Transaction, the shareholders of Youku Tudou, other than the current investment entity controlled by Alibaba, will have the right to receive US$27.60 per American Depositary Share ("ADS", each representing 18 ordinary shares of Youku Tudou) in...
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