Besides, some shareholders of Youku Tudou, including\u00a0Victor Koo, Youku Tudou’s founder, Chairman and Chief Executive Officer, Chengwei Capital and several entities affiliated with them have entered into a Support Agreement with Alibaba, dated\u00a0October 16, 2015, under which such shareholders have agreed, among other things and just as shareholders of the company, using thier shares to vote in favor of the transaction.<\/p>\n Despite Alibaba Group explains that the offer is made with the ssupport by the founding partners of Youku Tudou, the company’s board points that no decisions have been made with respect to the transaction and that Alibaba may not make any definitive offer.<\/p>\n Youku Tudou’s Board has formed a special committee consisting of two independent disinterested directors, Jonathan Jia Zhu and Jixun Foo, to consider the transaction. The special committee will retain independent legal and financial advisors, who will advice them during this process.<\/p>\n A strategical move for Alibaba<\/strong><\/span><\/p>\n \u201cI\u2019ve always admired what Victor has built,\u201d said Alibaba Group executive chairman Jack Ma. \u201cA closer partnership with Youku will give us the opportunity to support Victor and his leadership team to fulfill the dream of building the leading digital entertainment platform in China\u201d.<\/p>\n \u201cWe are pleased to submit the proposal to the Youku board of directors,\u201d said Daniel Zhang, chief executive officer of Alibaba Group. \u201cWe believe that the proposed transaction, with tighter integration of our resources, will help Youku achieve exciting growth in the years ahead by leveraging Alibaba\u2019s assets in living-room entertainment, e-commerce, advertising and data analytics. Digital products, especially video, are just as important as physical goods in e-commerce, and Youku\u2019s high-quality video content will be a core component of Alibaba\u2019s digital product offering in the future. I look forward to working with Victor and his leadership team to grow our combined digital entertainment business.\u201d<\/p>\n Digital entertainment is core to Alibaba\u2019s strategy of promoting consumption of virtual goods and services, Alibaba pointed.\u00a0The proposed transaction would expand the existing partnership between Alibaba and Youku, and would combine Alibaba\u2019s unparalleled data-driven platforms in e-commerce, media and advertising with Youku\u2019s market-leading digital video franchise to significantly accelerate Youku\u2019s growth. Youku\u2019s large user base, especially in mobile, and its popular platforms with high user engagement would form one of the key pillars of Alibaba\u2019s digital entertainment strategy.<\/p>\n Youku Tudou is a leading Internet television platform, enabling users to search, view and share high-quality video content quickly and easily across multiple devices. Its Youku brand and Tudou brand are among the most recognized online video brands in\u00a0China. Youku Tudou’s American depositary shares, each representing 18 of Youku Tudou’s Class A ordinary shares, are traded on the NYSE under the symbol \u00abYOKU.\u00bb<\/p>\n A 30.2% premium over the market price<\/strong><\/span><\/p>\n The offer price set in the proposal letter rby Alibaba means a premium of approximately 30.2% over the closing price of the ADSs as quoted by the New York Stock Exchange (the \u00abNYSE\u00bb) on\u00a0October 15, 2015, the last trading day prior to this announcement, and a premium of 44.5% to the volume-weighted average closing price of the ADSs as quoted by the NYSE during the last three months.<\/p>\n Image over the headline.-<\/strong> Alibaba logo. \u00a9 Alibaba Group.<\/span><\/p>\n Eastwindmarketing links relacionados<\/span>:<\/strong><\/span><\/p>\n Youku Tudou TV App penetration goes further through four strategical agreements signed in April<\/span> Youku Tudou launches Xingmen interactive entertainment platform<\/span> Youku Tudou and Sina to share contents and drive cross promotion<\/span> Tudou revamps and gets diferenciated against \u201csister\u201d brand Youku<\/span> Youku and Tudou merge<\/span> Youku Tudou, a leading multi-screen entertainment and media company in\u00a0China, announced that its Board of Directors \u00a0received a nonbinding proposal, dated\u00a0October 16th, 2015, from Alibaba Group Holding Limited\u00a0(Alibaba) acquire all of the outstanding and ordinary shares of the company at\u00a0$26.60\u00a0price per ADS in cash. The purchase offer includes the ordinary shares represented by American depositary …<\/p>\n![\"Left:](\"https:\/\/eastwind.es\/marketing\/wp-content\/uploads\/sites\/2\/2015\/10\/TudouYouku_Koo_Wang_1000pix.jpg\")
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\nhttp:\/\/www.eastwindmarketing.es\/blogs\/eastwindmarketingycomunicacion\/en\/2014\/04\/24\/youku-tudou-tv-app-enetration-goes-further-through-four-strategical-agreements-signed-in-april\/<\/p>\n
\nhttp:\/\/www.eastwindmarketing.es\/blogs\/eastwindmarketingycomunicacion\/en\/2014\/04\/09\/youku-tudou-launches-xingmen-interactive-entertainment-platform\/<\/p>\n
\nhttp:\/\/www.eastwindmarketing.es\/blogs\/eastwindmarketingycomunicacion\/en\/2013\/06\/08\/youku-tudou-and-sina-to-share-contents-and-drive-cross-promotion\/<\/p>\n
\nhttp:\/\/www.eastwindmarketing.es\/blogs\/eastwindmarketingycomunicacion\/en\/2012\/09\/26\/tudou-revamps-and-gets-diferenciated-against-sister-brand-youku\/<\/p>\n
\nhttp:\/\/www.eastwindmarketing.es\/blogs\/eastwindmarketingycomunicacion\/en\/2012\/03\/13\/youku-and-tudou-merge\/<\/p>\n","protected":false},"excerpt":{"rendered":"