InfoAnda - Youku to buy Tudou, creating China online video giant |

Pakistanis angry over detentions in Times Sq. case
Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
They

Taiwan denies boycotting Australian film festival
Thursday, August 6, 2009

AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e

Merkel's support dips, regional ally resigns International
Thursday, September 3, 2009

By Sarah Marsh and Noah Barkin

BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German

Minister seeks closure of anti-Berlusconi websites
Wednesday, December 16, 2009
ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who

Asian markets mixed after Wall Street rally
Wednesday, March 18, 2009

By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an

China's trade slump worsens in December | 13 January 2009
Ahmadinejad "more determined" in face of world pressure | 3 April 2010
World’s fastest off—track car, Ariel Atom, to be sold in Singapore | 14 December 2008

Nepal court to rule on 'Himalayan Viagra' murders | 11 August 2010

Forum Views () Forum Replies ()

Read more with google mobile : Youku to buy Tudou, creating China online video giant |

Edition: U.S. Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom Home Business Business Home Economy Technology Media Small Business Legal Deals Earnings Social Pulse Business Video The Freeland File Markets Markets Home U.S. Markets European Markets Asian Markets Global Market Data Indices M&A Stocks Bonds Currencies Commodities Futures Funds peHUB World World Home U.S. Brazil China Euro Zone Japan Mexico Russia India Insight World Video Reuters Investigates Decoder Politics Politics Home Election 2012 Issues 2012 Candidates 2012 Tales from the Trail Political Punchlines Supreme Court Politics Video Tech Technology Home MediaFile Science Tech Video Tech Tonic Social Pulse Opinion Opinion Home Chrystia Freeland John Lloyd Felix Salmon Jack Shafer David Rohde Bernd Debusmann Nader Mousavizadeh Lucy P. Marcus David Cay Johnston Bethany McLean Edward Hadas Hugo Dixon Ian Bremmer Mohamed El-Erian Lawrence Summers Susan Glasser The Great Debate Steven Brill Jack & Suzy Welch Breakingviews Equities Credit Private Equity M&A Macro & Markets Politics Breakingviews Video Money Money Home Tax Break Lipper Awards 2012 Global Investing MuniLand Unstructured Finance Linda Stern Mark Miller John Wasik James Saft Analyst Research Alerts Watchlist Portfolio Stock Screener Fund Screener Personal Finance Video Money Clip Investing 201 Life Health Sports Arts Faithworld Business Traveler Entertainment Oddly Enough Lifestyle Video Pictures Pictures Home Reuters Photographers Full Focus Video Reuters TV Reuters News Article Comments (2) Slideshow REUTERS TV TECH TONIC Technology helps, and imperils, citizen journalists in Syria Reuters correspondent Anthony De Rosa talks with two citizen journalists who escaped Syria only days after war correspondent Marie Colvin was killed. William Gagan and Geoff Shivley share how the technology that allowed them to live stream their escape over the Turkish border also put their lives at extreme risk. Video Follow Reuters Facebook Twitter RSS YouTube Read Afghans, angry over killings, urge U.S. exit; uncertainty over transition talks | 5:25pm EDT UPDATE 4-Harrisburg, Pa. to skip two debt payments 10 Mar 2012 Whitney Houston's daughter hears mom talk to her 1:47am EDT Obama administration blocks Texas voter ID law 4:11pm EDT Sixteen Afghan civilians killed in rogue U.S. attack | 11 Mar 2012 Discussed 168 U.S. serviceman detained in Afghanistan over civilian casualties 137 Israel asks U.S. for arms that could aid Iran strike 117 Banks foreclosing on churches in record numbers Watched Israeli army releases video of airstrike Sat, Mar 10 2012 Turkish soap operas ignite culture war in Middle East revolution – Decoder Thu, Mar 8 2012 South by Southwest: Is CNN buying Mashable? - Felix TV Sun, Mar 11 2012 Youku to buy Tudou, creating China online video giant Tweet Share this Email Print Related News Apple's China legal battle over iPad spreads to U.S. Fri, Feb 24 2012 Wal-Mart to take majority stake in China e-commerce firm Mon, Feb 20 2012 Cisco appeals EU's approval of Microsoft/Skype deal Wed, Feb 15 2012 Analysis & Opinion Felix Salmon smackdown watch, banking-conflicts edition Goldman’s conflits, part 917 Related Topics Tech » Deals » Global Deals Review: 2011 Q3 » Global Deals Review: 2011 Q2 » Global Deals Review » Inflows Outflows » Media » China » 1 of 2. An employee is seen through a glass wall as she walks past the logo of Youku.com above the reception desk at the company's headquarters in Beijing, in this December 9, 2010 file photo. Youku.com, China's largest online video company, is to buy second-ranked Tudou Holdings Ltd in an all-stock deal valued at more than $1 billion to create an industry leader in the world's biggest Internet market. Credit: Reuters/Soo Hoo Zheyang/Files By Kazunori Takada SHANGHAI | Mon Mar 12, 2012 5:06pm EDT SHANGHAI (Reuters) - China's top two online video companies are joining forces, with Youku.com buying smaller rival Tudou Holdings Ltd in an all-stock deal worth over $1 billion, creating an industry leader with more than a one third share of a market that is losing money as it battles rising costs. The two U.S.-listed firms have been bitter rivals, locking horns in courtroom battles over alleged copyright infringement and unfair competitive practices. Both companies have this month reported a net loss for last year, pinched by rising costs for Internet bandwidth, content and mobile video services. But bringing the two together is a good move for a highly competitive industry with many players fighting over more than 450 million Internet users, analysts said. "This creates China's biggest video site, but it doesn't create a YouTube - they still have less than 50 percent market share," said Bill Bishop, an independent analyst based in Beijing. Youku currently leads the fragmented Chinese online video market with a 21.8 percent share, ahead of Tudou's 13.7 percent, according to Internet research firm Analysys International. "We know online video is way too competitive. There are 10 players, where there should be only one to two," said Michael Clendenin, managing director of Shanghai-based RedTech Advisors. "After this merger there are still too many players in the industry," he said, noting others in the market such as Sohu.com Inc, Baidu Inc, and Tencent Holdings Ltd, which is trying to develop an online video platform. "These are not small, insignificant players. So even though this is a step in the right direction in terms of consolidation, there's still a long way to go," Clendenin added. Far from stifling competition, though, one rival even welcomed the move. "From an industry perspective, Youku and Tudou's deal is conducive for the healthy development of the sector," iQiyi, Baidu's online video platform, said in an email to Reuters. "The cost of purchasing copyrights in the market will be more effectively controlled with fewer ... online video companies. It will also reduce the competition for bandwidth and market talent." TUDOU SHARES JUMP Once the deal is completed, the combined entity will be named Youku Tudou Inc, and headed by Youku chairman and CEO Victor Koo. Tudou's CEO Gary Wang will join the new entity's board of directors. As of Friday's close, Youku's market value of around $2.85 billion was six times that of Tudou. Under the terms of the deal, Youku stock and ADS holders will own around 71.5 percent of the new company, with the rest held by Tudou shareholders and ADS holders. In pre-market trading on Monday, shares of Tudou, which is 9 percent owned by Sina Corp, more than doubled to $33.52 from Friday's $15.39 close. Partly reflecting the tough competition, Tudou shares, which debuted in August, had consistently traded below their IPO price of $29 each. "It (the deal) is a sign of how difficult this market is and both companies have probably realized how hard the road ahead would be if they went the independent route," said Bishop. "It should help them get to profitability. Tudou's earnings were released last week and were horrible." "I imagine this will help other companies in the sector that are trying to list, by reviving interest in the sector. It will also pull up other stocks such as Renren, which could now become takeover targets," he added. The two firms have sparred publicly in recent months, with Youku filing a lawsuit against Tudou earlier this year seeking 4.8 million yuan ($762,000) in compensation, saying it incurred losses because of claims by its smaller rival that Youku had misused copyrighted material, the official Xinhua news agency reported in February. The row began in December when the two firms traded accusations of stealing and reposting videos from each other's sites. Goldman Sachs, Allen & Company LLC and China Renaissance Holdings Ltd are financial advisers for Youku, the two companies said in statement. Morgan Stanley acted as lead financial adviser and Credit Suisse as co-financial adviser for Tudou on this deal, they said. (Additional reporting by Arpita Mukherjee in Bangalore, Melanie Lee in Shanghai, Lee Chyen Yee, Jerry Huang, Lawrence White in Hong Kong; Editing by Jason Subler and Ian Geoghegan) Tech Deals Global Deals Review: 2011 Q3 Global Deals Review: 2011 Q2 Global Deals Review Inflows Outflows Media China Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (2) lotusb wrote: Edition: U.S. Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom Back to top Reuters.com Business Markets World Politics Technology Opinion Money Pictures Videos Site Index Legal Bankruptcy Law California Legal New York Legal Securities Law Support & Contact Support Corrections Advertise With Us Connect with Reuters Twitter Facebook LinkedIn RSS Podcast Newsletters Mobile About Privacy Policy Terms of Use Copyright Our Flagship financial information platform incorporating Reuters Insider An ultra-low latency infrastructure for electronic trading and data distribution A connected approach to governance, risk and compliance Our next generation legal research platform Our global tax workstation Thomsonreuters.com About Thomson Reuters Investor Relations Careers Contact Us Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests. NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

Other News on Tuesday, 13 March 2012
Iran executed 670 in 2011, says U.N. investigator |
In spotlight, Uganda says Congo slows hunt for Kony |
Turkey court releases journalists in conspiracy case |
Putin critics say U.S. should open trade with Russia |
Yahoo sues Facebook for infringing 10 patents |
Youku to buy Tudou, creating China online video giant |
Diller-backed Aereo countersues broadcasters |
Infosys CEO says has 'pretty strong' order pipeline |
Batman brings order to southern Slovak town |
Massacre makes Obama more determined to leave Afghanistan |
Israel, Gaza militants agree to truce: Egypt official |
Majority of Japanese oppose nuclear plant restarts: poll |
Suicide bomber kills three Yemeni soldiers-police source |
Pakistani U.N. peacekeepers sentenced in Haiti rape case |
Iran executed 670 in 2011, says U.N. investigator |
Insight: How German history helps modern spies |
Exclusive: France's Le Pen clears hurdle to stand in election |
Over 150 passengers missing as ferry sinks in Bangladesh |
Yahoo sues Facebook for infringing 10 patents |
Apple, Motorola held cross-licensing talks late 2011: EU |
Beijing takes a brand-new approach to Made in China |
Twitter acquires Posterous |
Intel eyes Internet-based TV service: WSJ |
MTV Europe Music Awards return to Frankfurt in 2012 |
French actor confirms engagement to Halle Berry: report |
Whitney Houston's daughter hears mom talk to her |
Violence across Syria; U.N. awaits response from Damascus |
U.S. drone strikes kill 15 in northwest Pakistan |
Turkish police fire teargas after controversial court ruling |
Analysis: India cancer ruling opens door for cheaper drugs |
Sudan rebels say they shot down drone, government denies |
Belgian mosque attacked with petrol bomb, one dead |
No display shortage seen for new iPad: Jefferies |
Hynix says chip supply requests jump on Elpida troubles |
iPads may boost residents' efficiency: study |
With film music, Brussels orchestra veers from usual business model |
Salman Rushdie to return to India after death threats |
Greece at new risk of being pushed off euro
Bodies of missing Tenn. mom, Jo Ann Bain, and daughter found
Female Breasts Are Bigger Than Ever
AMD Trinity Accelerated Processing Units Now in Volume Production
The Avengers (2012 film), made the second biggest opening- and single-day gross of all-time
AMD to Start Production of piledriver
Ivy Bridge Quad-Core, Four-Thread Desktop CPUs
Islamists Protest Lady Gaga's Concert in Indonesia
Japan Successfully Broadcasts an 8K Signal Over the Air
ECB boosts loans to 1 trillion Euro to stop credit crunch
Egypt : Mohammed Morsi won with 52 percent
What do you call 100,000 Frenchmen with their hands up
AMD Launches AMD Embedded R-Series APU Platform
Fed Should not Ignore Emerging Market Crisis
Fed casts shadow over India, emerging markets
Why are Chinese tourists so rude? A few insights

USD EUR - 1 year graph		BlogMeter 1.01