Wednesday, December 23, 2009

Rumours Baidu may buy Youku for 200 million USD

Baidu had invested in online video site, acquired
recently by another company. Baidu VP Ren Xuyang, in
charge of investments and purchasing, refused to comment,
and Youku denied the rumour. Youku had received a new
round of financing fairly recently.

1 comment:

kaiserkuo said...

The rumor is totally baseless. We just announced that we've closed the first tranche of a major expansion round and there's no way we'd be interested in selling the company now. (Disclosure: I am a consultant working for