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Alibaba (BABA) Stock Up On Bid for Youku Tudou

NEW YORK (TheStreet) -- Shares of Alibaba (BABA) are up by 1.42% to $72.76 at the start of trading on Friday morning, after the company announced that it put forth an offer buy all of the shares of Youku Tudou(YOKU), the Chinese YouTube-like video streaming service, for about $3.6 billion.

Alibaba already owns an 18.3% stake in the company after investing in...


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