Alibaba Wants To Completely Own China’s Version Of YouTube - TheStreet

Alibaba Wants To Completely Own China’s Version Of YouTube - TheStreet

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11/4/2015 Alibaba Wants To Completely Own China’s Version Of YouTube ­ TheStreet 2/9 By Rebecca Borison | 10/16/15 ­ 09:20 AM EDT Get TheStreet Quant Ratings' exclusive 5­page report for ( BABA ) ­ FREE. Alibaba Wants To Completely Own China’s Version Of YouTube NEW YORK ( TheStreet ) ­­ Alibaba ( BABA ­ Get Report ) announced a proposal on Friday to take over full control of Youku Tudou ( YOKU ­ Get Report ) , a YouTube­ like video streaming service in China. Alibaba initially invested in Youku in May of last year, taking a $1.22 billion stake in the company, which translates to 18.3% ownership. Alibaba now wants to buy the rest of the company as well, at $26.60 per share, or $3.6 billion total. The offer would value the entire company at $4.2 billion. If the deal goes through, Alibaba plans to boost the current partnership between the video streaming platform and its e­commerce platform. Alibaba is already testing a way for consumers who are watching a show on Youku to be able purchase a product from that show on Alibaba at the same time. There are also other advertising and marketing opportunities for the two companies to work on together, advancing Alibaba's marketing capabilities through its Alimama services. STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks with serious upside potential in the next 12­ months. Learn more. "The acquisition makes strategic sense as Alibaba is building out its media capabilities in order to entrench deeper with the consumer, especially on mobile," Wedbush analyst Gil Luria said. "The company has a 'multi­screen' strategy where it is trying to keep consumers engaged and shopping on mobile, PC and TV, and Youku will help with that strategy." Real Money Real Money Pro Stocks Under $10 Top Stocks Trifecta Stocks Compare All Subscription Services SUBSCRIPTION BUNDLES: Portfolio PLUS Real Money Pro Portfolio Chairman's Club FREE: TheStreet MainStreet Hot Topics: Dividend Stocks Tech Stocks Google (Alphabet) Cramer's Year­End Forecast Top Dividend Stocks 10 Best ETFs Cramer's Best Stocks for 2015 Best High­Yielders
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11/4/2015 Alibaba Wants To Completely Own China’s Version Of YouTube ­ TheStreet 3/9 Must Read: Will Alibaba’s New Shareholder Campaign Actually Change Investors' Minds?
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