Alibaba bids for rest of Youku Tudou

The deal values the Chinese YouTube-like video-streaming company at more than $5 billion and highlights Alibaba's push to become a major player in online video content.

Alibaba bids for rest of Youku Tudou

E-commerce giant Alibaba has tabled an offer to buyout the remainder of Youku Tudou, valuing the New York-listed Chinese video-hosting company at about $5.1 billion.

In a statement on Friday, the Hangzhou-based group said it made a non-binding cash offer of $26.60 per American Depositary Share for all the remaining shares in the Chinese YouTube-like service. Alibaba already owns an 18.3% stake in Youku Tudou, which it bought...

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