Merger news out of China this morning as Alibaba acquires Youku Toudu for $27.60/share.
Youku Toudu is China’s version of You Tube. You see the resemblance, yes? This deal united two of their big internet components, but who are we kidding? It is all owned by the governement.
YOKU shares up trading just below $27/share as we head into Nonfarm payroll.
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