Youku Tudou agrees to be bought by Alibaba for $27.60/ADS

Reuters News
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Posted: Nov 06, 2015 6:51 AM

(Reuters) - Youku Tudou Inc <YOKU.N>, known as China's YouTube, said it agreed to be bought by e-commerce giant Alibaba Group Holding Ltd <BABA.N> for $27.60 per American Depositary Share.

Alibaba had previously offered $26.60 per ADS in October.

(Reporting by Anya George Tharakan in Bengaluru; Editing by Ted Kerr)