China-based multi-screen entertainment and media company Youku Tudou Inc. (NYSE: YOKU) has completed its merger with Ali YK Subsidiary Holding Limited (Merger Sub), a wholly owned subsidiary of Ali YK Investment Holding Limited (Parent), the company said.
As a result of the merger, the company ceased to be a publicly traded company and became a wholly owned subsidiary of Ali YK.
Registered shareholders entitled to the merger consideration will receive a letter of transmittal and instructions on how to surrender their share certificates in exchange for the merger consideration and should wait to receive the letter of transmittal before surrendering their share certificates.
The company also announced today that it requested that trading of its ADSs on the New York Stock Exchange be suspended.
Youku Tudou Inc. (NYSE: YOKU) is an Internet television platform, enabling users to search, view and share high-quality video content quickly and easily across multiple devices.