Hony Capital has agreed to acquire a minority stake in indebted Australian oil and gas company Santos Ltd. for A$500 million (US$353 million), as part of Santos' plan to reduce debt and shore up its balance sheet, according to a company announcement. Hony Capital has entered into a binding agreement to subscribe 73.6 million ordinary […]

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Alibaba Group Holding Limited has entered into a definitive merger agreement to acquire Chinese online video platform Youku Tudou Inc. at slightly improved price in a deal valued around US$4.8 billion, according to a company announcement. Alibaba will acquire the remaining 81.7% stake of Youku Tudou that it does not already own for US$27.60 per […]

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Last Tuesday I blogged about the breakdown in talks between China and the Public Company Accounting Oversight Board. Here's a blog post on the same issue from Paul Gillis at the China Accounting Blog. Check out the comments as well.