ANSWER: Youku Tudou
Explanation:
Billionaire Jack Ma’s Alibaba has announced a USD 4.8 billion acquisition deal for video streaming service Youku Tudou. The latter is the Chinese YouTube. Alibaba will pay USD 27.60 in cash per US traded American depository share in a definitive merger agreement over Youku Tudou. This is around USD 1 more than the initial takeover bid made last month by Alibaba. The e-commerce giant owns more than 18% of Youku Tudou already. Deal was approved by Youku Tudou’s board.
