Monday, March 12, 2012

Youku and Tudou co-announced they will merge two companies till Q3,2012.

Two big video sharing giants in China, Youku(NYSE:YOKU) and Tudou(NYSE:TUDO) announced they will merge two company till Q3,2012.

According to the news, after merging this new company's name will be "Youku Tudou Inc.", and Youku will have its 78.2% of stock share, and Tudou side have 21.8% of stock share. 

The deal has been approved by both companies’ boards of directors and it is now awaiting shareholder approval from both firms. Assuming all is fine, Tudou says that the deal will be closed in 3Q,2012.

As I reported before, Youku and Tudou are leaders companies of video sharing market in China, and they were also ranked in #21, #24 in "The Most Valuable Social Media Brands 2012" before. 

So I would like to keep attention that this merge will bring anything influence to the this market...

Original article =>