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Alibaba offers to buy all of 'China's YouTube'

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Guards stand near an entrance to Alibaba's headquarters in Hangzhou, Zhejiang province, China, May 18, 2015. REUTERS/John Ruwitch/Files

REUTERS - Alibaba Group Holding Ltd offered to buy all of the shares of Youku Tudou Inc that it does not already own in a deal that would value the Chinese video streaming company at about $5.2 billion.

Alibaba already owns 18.3 percent of Youku Tudou - sometimes nicknamed China's YouTube - having bought into the company in May 2014 as part of its push into online video. It intends to take the company...


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