25. November 2009

Sina broke the news today that - according to an unnamed insider - Chinese entertainment company Shanda (NasdaqGS: SNDA) has just completed the acquisition of local Youtube clone Ku6. Ku6 is generally regarded as number 3 after Tudou and Youku among the Chinese video hosting companies. The price was not disclosed, according to the article. If this is true, it would be fantastic news for the Chinese Internet market. Very little M&A activity has happened here in the past and its rather...