Alibaba bids $4.2bn for YoukuToudu
Online and mobile commerce giant Alibaba Group has made a non-binding proposal to the board of directors of multi-screen entertainment and media company Youku Tudou to acquire all outstanding shares of Youku, including shares represented by American depositary shares (ADSs, each representing 18 ordinary shares of Youku), that it does not already own for $26.60 […]