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Rumor: Tencent to Invest in Youku

iFeng Tech, 8/17/11

According to reliable industry sources, Tencent (0700.HK) is currently in talks with senior executives at Youku (NYSE: YOKU) regarding an investment in the online video site. According to the plans being discussed, Tencent would receive a stake in Youku, and would entrust its online video services to the company. The source said that strategic talks between the two companies had been ongoing for some time.

As of press time, neither company would comment on the rumor.

Editor's Note: A Youku spokesperson told Marbridge Consulting that while they could not confirm reports of talks with Tencent, Youku is engaged in talks with a number of industry players.

Keywords: M&A Internet investment online video Youku Tencent 0700.HK YOKU


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The information contained in this newsletter is based upon sources that Marbridge Consulting believes to be reliable, and we have made every effort to translate the original articles or article excerpts as faithfully as possible. However, Marbridge Consulting makes no warranty of and assumes no legal responsibility for the accuracy of either the original source material or the English language translations.

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