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TransAsia Represents Youku in Merger with Tudou

11 March 2012

Youku and Tudou, the two largest online video content providers in China, signed a definitive agreement to a 100% stock-for-stock merger. The resulting company, which will be known as Youku Tudou Inc., will continue to be listed on the NYSE under Youku’s ticket symbol, YOKU.

The merger brings together 2 of the top 15 most visited websites in China to create the first true market leader in China’s fragmented online video sector, with a nearly 35% market share. The newly formed company “will represent a differentiated leader in the online video market in China with the largest user base, most comprehensive content library, most advanced bandwidth infrastructure and strongest monetization capability within the sector,” said Youku Chairman and CEO Victor Koo. The merger is expected to be completed in the third quarter of this year.

TransAsia Lawyers represented Youku through the negotiation process. The team was led by Phillip Qu, who was supported by Justina Zhang, Karen Hu, Brendan Wu, Cathy Zhang, Jack Zhu and Carrie Nie.