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Youku To Buy Tudou, Creating China Online Video Giant

Tuesday, March 13, 2012 | More »

China’s top two online video companies are joining forces, with Youku.com buying smaller rival Tudou Holdings Ltd in an all-stock deal worth over $1 billion, creating an industry leader with more than a one third share of a market that is losing money as it battles rising costs. The two US-lis...