Wednesday, May 04, 2016
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Sony Releases New Home Audio Products
HDD Sales Fall, Capacities Rise
Sony's Future Camera Could Be in The Form Of A Contact Lens
HP Refreshes The Pavilion PC Line-up
Intel and Oculus Bring Virtual Reality to Best Buy Stores
NVIDIA And Samsung Agree to Settle IP Litigation
Samsung Develops 3rd Generation 14-Nano FinFET Low-power Process
IE Loses Top Web Browser Spot to Chrome
Active Discussions
Which of these DVD media are the best, most durable?
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
Help make DVDInfoPro better with dvdinfomantis!!!
menu making
Optiarc AD-7260S review
cdrw trouble
 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.


Previous
Next
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 1998-2016 - All rights reserved -
Privacy policy - Contact Us .