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Alibaba, Yunfeng Capital to acquire stakes in Youku Tudou

( April 28, 2014, 10:43 GMT | Official Statement) -- MLex Summary: Alibaba and Yunfeng Capital, a private equity firm owned by Alibaba CEO Ma Yun, have agreed to acquire respectively a 16.5 percent stake and a 2 percent stake in online video site Youku Tudou for $1.22 billion. The transaction is expected to close in the near future, subject to the satisfaction of customary closing conditions.The full statement follows:...

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