Mergers and Acquisitions Review: Youku Gets APPROVAL To Buy Tudou, Shell’s Impending OFFER for InterOil
Shareholders of Youku.com Inc. (NYSE:YOKU) and Tudou Holdings (NASDAQ:TUDO) give the greenlight to Youku’s all-stock purchase of Tudou in a transaction that will unify China’s two biggest video Web sites and will also set up a firm with more than 300 million weekly users. The deal will grow Youku’s lead over competitors Baidu, Inc. (NASDAQ:BIDU) and Tencent, and should bring savings of as much as $60 million yearly.
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Royal Dutch Shell’s (RDS.A) offer for InterOil Corporation (NYSE:IOC) is only a question of when, according to Resourcearb, who says the the options of the former have shrunk, along with its moves becoming more visible, “which should give InterOil bulls more confidence that the likely next move for Shell is a takeover attempt.”
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