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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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November 21, 2014
09:19 EDTYOKUYouku Tudou awarded MVNO license
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November 14, 2014
10:00 EDTYOKUOn The Fly: Analyst Downgrade Summary
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09:24 EDTYOKUYouku Tudou downgraded to Underweight from Neutral at HSBC
09:16 EDTYOKUOn The Fly: Pre-market Movers
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November 13, 2014
17:13 EDTYOKUYouku Tudou sees Q4 revenue RMB1.15B-RMB1.22B, consensus RMB1.21B
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17:10 EDTYOKUYouku Tudou reports Q3 adjusted EPS RMB(50c) , consensus RMB(82c)
Reports Q3 revenue RMB1.11B, consensus RMB1.10B.
15:18 EDTYOKUNotable companies reporting after market close
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November 12, 2014
05:42 EDTYOKUYouku Tudou announces partnership with Xiaomi
Youku Tudou announced that it has entered into a strategic partnership with Xiaomi. The partnership aims to accelerate the development of its multi-screen media and entertainment ecosystem. The two companies will jointly develop content and technology, including developing multi-screen online video services. Xiaomi will invest in Youku Tudou by acquiring the latter's stock on the open market. It will also license content from Youku Tudou, and the two companies will jointly invest in the production and distribution of online video content and movies.
November 10, 2014
09:27 EDTYOKUXiaomi rumored to mull stakes in Youku Tudou, Baidu unit, Marbridge Daily says
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