Merger between Tudou and Youku flags thawing of an icy relationship

0
1380
Merger between Tudou and Youku flags thawing of an icy relationship
LinkedIn
Facebook
Twitter
Whatsapp
Telegram
Copy link

Youku and Tudou, two leading online video companies in China, announced that the two sides concluded a merger agreement on 11 March. The merger between the two front-runners will be accomplished through a 100% stock-for-stock transaction.

“We intend to lead the next phase of online video development in China,” said Victor Koo, the chairman and chief executive officer of Youku. The two companies, however, have been fierce rivals until recently.

In December 2011, Tudou accused Youku of illegally uploading onto the latter’s website videos of TV programmes exclusive to Tudou, and claimed damages of RMB150 million (US$24 million) from Youku.

You must be a subscribersubscribersubscribersubscriber to read this content, please subscribesubscribesubscribesubscribe today.

For group subscribers, please click here to access.
Interested in group subscription? Please contact us.

你需要登录去解锁本文内容。欢迎注册账号。如果想阅读月刊所有文章,欢迎成为我们的订阅会员成为我们的订阅会员

已有集团订阅,可点击此处继续浏览。
如对集团订阅感兴趣,请联络我们

LinkedIn
Facebook
Twitter
Whatsapp
Telegram
Copy link