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Alibaba offers to buy online video service Youku Tudou

Monday, October 19, 2015 - 05:50

Alibaba said that it had offered to pay US$26.60 for each Youku Tudou share it did not own.

Hong Kong

THE Alibaba Group said on Friday that it had offered to pay about US$3.6 billion to buy the Chinese online video site Youku Tudou, continuing a streak of investments and buyouts.

But Alibaba is most likely less interested in Youku Tudou's finances - it lost money in 2014

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