Youku Tudou Inc (ADR) (NYSE:YOKU), a leading multi-screen entertainment and media company in China (“Youku Tudou” or the “Company”), today announced that the independent special committee of the Company’s Board of Directors (the “Special Committee”) has retained J.P. Morgan Securities (Asia Pacific) Limited as its financial advisor,Skadden, Arps, Slate, Meagher & Flom LLP as its U.S. legal counsel and Conyers Dill & Pearman as its Cayman Islands legal counsel in connection with its review and evaluation of the nonbinding proposal, dated October 16, 2015, from Alibaba Group Holding Limited (“Alibaba”) for a “going-private” transaction in which it would acquire all of the outstanding ordinary shares of the Company, including ordinary shares represented by American depositary shares (each representing 18 ordinary shares of the Company), that are not owned by Alibaba.

The board of directors cautions the Company’s shareholders and others considering trading in its securities that no decision has been made on the response to the proposal. There can be no assurance that any definitive offer will be made, that any agreement will be executed or that this or any other transaction will be approved or consummated. The Company does not undertake any obligation to provide any updates with respect to this or any other transaction, except as required under applicable law. (Original Source)

Shares of Youku Tudou closed yesterday at $24.76. YOKU has a 1-year high of $31.50 and a 1-year low of $11.85. The stock’s 50-day moving average is $18.33 and its 200-day moving average is $20.65.

On the ratings front, Youku Tudou has been the subject of a number of recent research reports. In a report issued on August 20, Pacific Crest analyst Cheng Cheng maintained a Hold rating on YOKU, with a price target of $21, which implies a downside of 15.2% from current levels. Separately, on the same day, Brean Murray Carret’s Fawne Jiang maintained a Buy rating on the stock and has a price target of $26.

According to, which ranks over 7,500 financial analysts and bloggers to gauge the performance of their past recommendations, Cheng Cheng and Fawne Jiang have a total average return of 3.7% and 3.9% respectively. Cheng has a success rate of 42.1% and is ranked #1464 out of 3795 analysts, while Jiang has a success rate of 44.9% and is ranked #1107.

Youku Tudou Inc is an Internet television company in china. Its internet television platform enables consumers to search, view and share high-quality video content quickly and easily across multiple devices.