Alibaba Group Holding Ltd acquired Youku Tudou Inc. for $4.44 billion, a transaction completed in April 2016, structured as all cash, US$4,443 million (RMB28,724 million), US$27.60 per ADS.
Youku Tudou Inc. operates in Online video / digital media, is based in China. Youku Tudou, one of China's largest online video platforms, was previously listed on the NYSE. In April 2016 Alibaba acquired all shares it and Yunfeng did not already own at US$27.60 per ADS, lifting its stake to about 98% and consolidating Youku as a subsidiary before delisting it.
Bring a leading video platform in-house to anchor Alibaba's digital media and entertainment strategy.
In April 2016, the Company completed an acquisition of all of the issued and outstanding shares of Youku that the Company or Yunfeng did not previously own, at a purchase price of US$27.60 per American Depositary Share... The cash consideration of US$4,443 million (RMB28,724 million) was paid upon the closing.Alibaba Group FY2018 Form 20-F, business combinations note
Advisory firms were not disclosed for this transaction.