Market Overview

Youku Tudou Inc. Announces Appointment of Two Directors to Company's Board of Directors

Youku Tudou (NYSE: YOKU), China's leading Internet television company ("Youku" or the "Company") today announced that, pursuant to the agreement and plan of merger (the "Merger Agreement"), dated March 11, 2012, by and among the Company, Tudou Holdings Limited ("Tudou") and Two Merger Sub Inc. ("Merger Sub"), a wholly owned subsidiary of the Company, Mr. Gary Wei Wang and Mr. Jixun Foo were appointed to serve as directors on the Company's board of directors effective upon the completion of the merger (the "Merger") of Merger Sub and Tudou on August 23, 2012.

Following the appointments of Mr. Wang and Mr. Foo, the Company has a nine-member board of directors with five of the board members being independent directors.

Posted-In: News M&A

 

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