Alibaba will pay US$27.60 a share, valuing Youku Tudou at US$4.4 billion. Photo: Reuters

US shares of video-streaming site Youku Tudou climb 8pc on takeover deal by Chinese e-commerce giant Alibaba

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Alibaba will pay US$27.60 a share, valuing Youku Tudou at US$4.4 billion. Photo: Reuters
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