Saturday, October 10, 2015
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
3Q15 Hard Disk Drive Shipments Report
Japanese Fund may Invest In Sharp: report
ASUS Upgrades Its ROG Gaming Lineup
ITC Says Samsung Did Not infringe Nvidia's Patents
ARCHOS and Sikur Ensure Your Privacy with GranitePhone
Firefox To Switch Away From Plugins
Apple Removes Apps From Online Store
PC Shipments Kept Falling In 3Q
Active Discussions
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
How to burn a backup copy of The Frozen Throne
Help make DVDInfoPro better with dvdinfomantis!!!
Copied dvd's say blank in computer only
menu making
Optiarc AD-7260S review
 Home > News > General Computing > Youku t...
Last 7 Days News : SU MO TU WE TH FR SA All News

Monday, March 12, 2012
Youku to Acquire China Video Rival Tudou

China's top two video websites announced plans Monday to merge. Youku Inc. owner of China?s most- popular online video site, plans to acquire competitor Tudou Holdings Ltd. (TUDO) in a $1 billion stock deal that will help lower costs for licensing and transmitting content.

Youku Chief Executive Officer Victor Koo said, "We expect to see significant synergies across a number of areas including leveraging licensed content over a larger user base and realizing efficiencies in bandwidth management and other common expenses."

The proposed deal will strengthen the new company's ability to compete with Baidu and Tencent Holdings Ltd. in adding online video users in a nation where Google's YouTube is restricted.

The transaction requires the approval of Youku and Tudou shareholders and is expected to be completed in the third quarter, the companies said. On completion, Youku shareholders will own 71.5 percent of the combined company, to be named Youku Tudou Inc., the companies said.

Net Neutrality Study Shows Excessive Blocking and Throttling Internet Traffic in Europe        All News        Court Rules Against Kaleidescape In DVD Copy Control Trial
Net Neutrality Study Shows Excessive Blocking and Throttling Internet Traffic in Europe     General Computing News      Dropbox File-sharing App Abused by Spammers

Get RSS feed Easy Print E-Mail this Message

Most Popular News
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2015 - All rights reserved -
Privacy policy - Contact Us .