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Stock Market & Financial Investment News

News Breaks
April 28, 2014
06:07 EDTYOKUYouku Tudou announces $1.22B investment led by Alibaba Group
Youku Tudou announced that it has entered into definitive agreements with a joint investment vehicle of Alibaba Group Holding and Yunfeng Capital, pursuant to which Alibaba and Yunfeng Capital, through the joint investment vehicle, will invest an aggregate of approximately $1.22B to purchase a number of Class A ordinary shares from the company, which we estimate will be 707.25M newly issued shares, and 13.87M existing Class A ordinary shares, at a purchase price of $1.6944 per share, corresponding to $30.50 per American Depositary Share of the company, each representing 18 Class A ordinary shares. Alibaba and Yunfeng Capital will indirectly hold approximately 16.5% and 2.0%, respectively, of the total issued and outstanding shares of the company on a fully-diluted basis determined under the treasury method, after taking into account the shares to be issued in the transaction. The transaction is expected to close in the near future, subject to the satisfaction of customary closing conditions. Jonathan Lu, CEO of Alibaba, will join Youku Tudou's board of directors upon completion of the transaction.
News For YOKU From The Last 14 Days
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August 20, 2015
10:00 EDTYOKUOn The Fly: Analyst Upgrade Summary
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09:20 EDTYOKUOn The Fly: Pre-market Movers
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09:11 EDTYOKUYouku Tudou upgraded to Neutral following Q2 report at Mizuho
As previously reported, Mizuho upgraded Youku Tudou to Neutral from Underperform and maintained its $18 price target. The firm upgraded shares citing the Q2 beat and expects the consumer business to diversify and drive top line growth, and improve margin.
06:05 EDTYOKUYouku Tudou upgraded to Neutral from Underperform at Mizuho
August 19, 2015
18:05 EDTYOKUYouku Tudou sees Q3 revenue RMB 1.69B-RMB 1.78B
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18:04 EDTYOKUYouku Tudou reports Q2 EPS (RMB 1.76) vs. (RMB 0.76) last year
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August 18, 2015
10:00 EDTYOKUOn The Fly: Analyst Upgrade Summary
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08:24 EDTYOKUYouku Tudou upgraded to Buy from Hold at T.H. Capital
T.H. Capital analyst Tian Hou upgraded Youku Tudou to Buy with a $33 price target. The company's Q2 results on August 20 should be solid and it is well positioned to benefit from the upcoming market consolidation, Hou tells investors in a research note.

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