news April 6th, one group announced, according to the November 6, 2015 announced plans to merge, one group has completed the merger with the Alibaba group, officially became a wholly owned subsidiary of the Alibaba’s.
at the same time, the group announced the application to stop its ADS trading on the New York stock exchange.
in November 6th last year, the Alibaba group and Youku potatoes Group officially announced, the two sides have signed a merger agreement, the Alibaba group will be $27.60 per ADS price all cash acquisition of Youku potatoes group. After the acquisition of Ali, Youku potatoes to remain independent operators, the company management team structure unchanged, Koo will continue to serve as chairman of the board of directors of CEO as Youku potatoes.
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