Pursuits
Tudou Owners Get World’s Best Deal Taking Youku Stock: Real M&A
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Youku Inc., owner of China’s most-popular online video site, is giving shareholders of Tudou Holdings Ltd. the best deal in the world.
Tudou, which lost about half its value after going public in the U.S. in August, almost tripled this week after agreeing to sell itself for equity in Youku. With Beijing-based Youku reaching a seven-month high, the value of the takeover ballooned 40 percent to $1.29 billion, according to data compiled by Bloomberg. That’s the biggest increase among all-stock offers greater than a half-billion dollars in announced equity value.