Printed from http://www.electronista.com

Tudou, Youku to merge, make $1b streaming video giant

updated 10:55 am EDT, Mon March 12, 2012

Tudou and Youku to tie up

The Internet video space grew significantly in scale Monday after Youku offered to buy local rival Tudou. The voluntary takeover would see Youku buy all of Tudou's stock for an equivalent over $1 billion. The Tudou badge would continue to exist, but the two would operate under a unified Youku Tudou company.

The deal is waiting on shareholder and government approval.

Both sites were already considered Chinese equivalents to YouTube through a mix of both amateur and professional video content. Although considerably smaller than their Google-run American counterpart, the scale of the Chinese market has left room open for them to grow larger as more people get online and get high speed Internet access.

American companies have just started acknowledging the sites in their own content. Apple is planning to support Tudou and Youku video sharing in OS X Mountain Lion and may end up having just one overarching service to support in the future. [via paidContent]



By Electronista Staff
toggle

Comments

Login Here

Not a member of the MacNN forums? Register now for free.

toggle

Network Headlines

toggle

Most Popular

Sponsor

Recent Reviews

Adesso Xtream S3B Bluetooth speaker

Finding a speaker purpose-built for a specific need is challenging. Even when a Bluetooth speaker can be paired with a mobile device, ...

JBL Synchros E40BT headphones

For all the different configurations of headphones on the market, it's always a tough choice for buyers to get something that is just ...

Razer Taipan mouse

The list of gaming devices is growing larger with each passing day. A large number of companies have entered the gaming input arena, a ...

Sponsor

toggle

Most Commented

 
toggle

Popular News