A definitive merger agreement pursuant to which an affiliate of Alibaba Group will acquire Youku Tudou in an all-cash transaction (the Transaction). Upon completion of the Transaction, the shareholders of Youku Tudou, other than the current investment entity controlled by Alibaba, will have the right to receive $27.60 per American Depositary Share (ADS, each representing 18 ordinary shares of Youku Tudou) in cash. The price represents a premium of 35.1 per cent over the closing price of Youku … [Read more...] about Alibaba & Youku Tudou unite
Alibaba Group
DHX signs content deal with Alibaba
DHX Media, a key player internationally in the creation of content for families and children, has signed a deal to provide more than 2500 half hours of content to Alibaba Group’s video on demand (VOD) service. This is currently available on its Tmall Box, a content-delivery set-top box, OTT devices and various smart televisions in China. Josh Scherba, SVP Distribution at DHX Media said, “We are very happy to provide extensive kids and family content from our library for this new … [Read more...] about DHX signs content deal with Alibaba
Lionsgate and Alibaba Group launch subscription streaming service in China
Hangzhou, China and Santa Monica, California – Lionsgate, and Alibaba Group ("Alibaba"), an online and mobile commerce company, have joined forces to launch Lionsgate Entertainment World (LGEW), a subscription streaming service for mainland China that will be available exclusively through Alibaba's latest generation of set-top box, the two companies announced on July 14. The Lionsgate Entertainment World (LGEW) service will provide users of the Alibaba platform with instant … [Read more...] about Lionsgate and Alibaba Group launch subscription streaming service in China
