STB, Skadden, Shearman lead on $1.22 bln Youku Tudou deal
BY Kanishk Verghese, Reuters |
Simpson Thacher & Bartlett, Shearman & Sterling and Skadden, Arps, Slate, Meagher & Flom have scored lead advisory roles on Alibaba Group and Chinese private equity firm Yunfeng Capital’s agreement to buy a $1.22 billion stake in online video company Youku Tudou Inc.