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Alibaba JV Drops $1.2B For Stake In Chinese YouTube

By Benjamin Horney (April 28, 2014, 2:07 PM EDT) -- Alibaba Group Holding Ltd. and Yunfeng Capital have agreed to pay $1.22 billion for a stake in Youku Tudou Inc., the companies said on Monday, marking Alibaba's second major acquisition in the Chinese Internet television market this month....

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