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Sovereign Wealth Funds Briefing - Categorized | Financials, Investment

Temasek unit plans up to US$185 mln selldown Youku Tudou

Posted on 13 September 2013

Singapore sovereign investor Temasek Holdings plans to sell a stake worth up to US$185 million in Youku Tudou Inc, winding up its investment in the online video company, IFR reported on Friday, citing a term sheet of the transaction.
Temasek, through its affiliate Sennet Investments, is offering 7.7 million shares in US-listed Youku Tudou in a range of US$23.80 to US$24.00 each, said IFR, a Thomson Reuters publication. Credit Suisse was hired to manage the stake sale, it said………………………………………..Full Article: Source


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