Sunday, December 21, 2014
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Samsung Introduces SE790C Curved Monitor
Chinese Motion-sensing VR Glasses Coming On Kickstarter
Kodak Returns To CES With Consumer Product Line
North Korea Suggests Joint Inverstigation With U.S. Over Sony Hacking
T-Mobile to Pay $90 Million To Settle Case With FCC
New Trojan Targetted Banks Wordlwide
FBI Confirms North Korea Was Behind Sony Hack
Apple Responds To BBC's Allegations Over Working Conditions In Chinese Factory
Active Discussions
Digital Audio Extraction and Plextools
Will there be any trade in scheme for the coming PSP Go?
Hello, Glad to be Aboard!!!
Best optical drive for ripping CD's? My LG 4163B is mediocre.
Hi All!
cdrw trouble
CDR for car Sat Nav
DVD/DL for Optiarc 7191S at 8X
 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 1998-2014 - All rights reserved -
Privacy policy - Contact Us .