Comment on Breaking: Youku to Merge with Tudou by Chinese video giants are becoming production powerhouses - TechNode

['Ben Jiang', 'More Ben Jiang', '.Wp-Block-Co-Authors-Plus-Coauthors.Is-Layout-Flow', 'Class', 'Wp-Block-Co-Authors-Plus', 'Display Inline', '.Wp-Block-Co-Authors-Plus-Avatar', 'Where Img', 'Height Auto Max-Width', 'Vertical-Align Bottom .Wp-Block-Co-Authors-Plus-Coauthors.Is-Layout-Flow .Wp-Block-Co-Authors-Plus-Avatar'] Comments for TechNode 2012-03-12 00:00:00

Youku (NYSE: YOKU) and Tudou (NASDAQ: TUDO), two of the leading China-born the U.S. listed online video site announced today that the two have reached a definitive agreement for Tudou to combine with Youku in a 100% stock-for-stock transaction. It seems that the news took many people by surprise, Weibo users’ reactions were like “seriously? seriously?” or “Youku and Tudou? It was a tough year last year for Chinese online video sites as costs of copyrighted content are ever rising. Youku and Tudou were constantly fighting with each other over copyright issue, both accusing each other of using each other’s exclusive content.