Morning Buzz: Alibaba (BABA), Youku Tudou (YOKU), Advanced Micro Devices (AMD), SFX Entertainment (SFXE), Schlumberger (SLB)
October 16, 2015 at 09:44 AM EDT
Shares of Youku Tudou Inc. (YOKU) are up 23.64% this morning on news Alibaba Group Holding (BABA) is offering to buy shares of video-streaming website Youku Tudou it doesn’t already own for $4.6 billion, or $26.60 p/share. The offer represents a premium of more than 30% of YOKU’s last closing price on the NYSE. The […] View the full post at: Morning Buzz: Alibaba (BABA), Youku Tudou (YOKU), Advanced Micro Devices (AMD), SFX Entertainment (SFXE), Schlumberger (SLB) Related posts: RF Semi Stocks Back in Institutional Favor – Upgrades for RF Micro Devices and TriQuint Semiconductor 4Kids Entertainment Puts Itself Up for Sale Walt Disney to Acquire Marvel Entertainment for $4B