Tudou and Youku merger

The price increase was literally off the chart on my iPhone Bloomberg app

Much has been written about the Tudou and Youku merger over the past 24 hours and I don’t want to add too much to that – but I of course want to record this on my blog!

Pre-trading the price was up over 200%

Personally I think the merger between the two giants of China online video is the best solution for both companies. The combination of Tudou and Youku will create a huge company that will dominate the market and that will likely have a lot of synergies. Markets also saw it that way, as my Tudou net worth tripled in pre-trading (later gains were down to ‘just’ 150%). Thanks to Gary and the board for negotiating this deal!

And if you want to have a laugh, read this Motley Fool post that told its readers to sell Tudou less than 2 weeks ago, perfect timing!

Price development during the first day, with a huge trading volume, and a price increase of 156%

Toasting a glass of champagne with my dad