Alibaba Group Holding Ltd. (NYSE: BABA) offered a premium of approximately $3.6 billion in cash to purchase Youku Tudou Inc. (NYSE: YOKU). Shares of Alibaba eased 9 cents to $71.69 while Youku Tudou stock leaped $4.51 to $24.94.
Alibaba offers premium for Youku Tudou
October 16, 2015 at 12:46 PM EDT
