优酷土豆宣布换股合并

时间：2012-03-18 07:38:31

（单词翻译:单击）

国内最大的两个视频网站优酷和土豆于3月12日共同宣布，双方已于3月11日签订最终协议，将以100%换股的方式合并，合并后的新公司叫做“优酷土豆有限公司”。

Increasing competition in China's online video market has pushed the two biggest players to a merger1 that will create the largest company in the industry.

Youku.com Inc, the country's top online video provider, agreed to buy its main rival, Tudou Holdings Ltd, in a stock-for-stock transaction, the two companies said.

Although the two faced off earlier in a copyright dispute, their surprise merger appears to be a rational response to the problems that online video websites have in making ends meet, said analysts3.

The deal came as the companies were battling for market share, spending heavily to buy licensed4 content.

"Funding pressures are the main reason for the deal," said Shi Jialong, a Hong Kong-based analyst2 with CLSA Asia-Pacific Markets.

The costly5 battle for dominance left both companies in the red last year. Youku reported a net loss of 172.1 million yuan ($27.2 million), though that was down 16 percent from the previous year, while Tudou had a net loss of 511.2 million yuan.

"After the merger, there might be a fall in copyright purchase prices, which is good for the industry in the short term," Shi said.

Xie Wen, a Chinese IT critic and former president of Yahoo China, agreed. However, he added that the new company still faced fierce competition with portals that provide similar services.

Youku had 21.8 percent of China's online video market in the last quarter, followed by Tudou with 13.7 percent.

They were closely followed by the portal Sohu.com Inc, with 13.3 percent, according to the domestic research company Analysys International.

Other rivals in the segment include Baidu Inc and Tencent Holdings Ltd.

Xu Weifeng, president of PPStream Inc, an online video service provider, said the merger is good news for other players since they will have one less rival.

However, the merging6 companies "are still under pressure from low profit margins7, which must be resolved after the merger", he said.

Youku's market value, at about $2.85 billion, is six times Tudou's.


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1 merger vCJxG     
n.企业合并，并吞
参考例句：
  • Acceptance of the offer is the first step to a merger.对这项提议的赞同是合并的第一步。
  • Shareholders will be voting on the merger of the companies.股东们将投票表决公司合并问题。
2 analyst gw7zn     
n.分析家，化验员；心理分析学家
参考例句：
  • What can you contribute to the position of a market analyst?你有什么技能可有助于市场分析员的职务？
  • The analyst is required to interpolate values between standards.分析人员需要在这些标准中插入一些值。
3 analysts 167ff30c5034ca70abe2d60a6e760448     
分析家，化验员( analyst的名词复数 )
参考例句：
  • City analysts forecast huge profits this year. 伦敦金融分析家预测今年的利润非常丰厚。
  • I was impressed by the high calibre of the researchers and analysts. 研究人员和分析人员的高素质给我留下了深刻印象。
4 licensed ipMzNI     
adj.得到许可的v.许可，颁发执照(license的过去式和过去分词)
参考例句：
  • The new drug has not yet been licensed in the US. 这种新药尚未在美国获得许可。
  • Is that gun licensed? 那支枪有持枪执照吗？
5 costly 7zXxh     
adj.昂贵的，价值高的，豪华的
参考例句：
  • It must be very costly to keep up a house like this.维修这么一幢房子一定很昂贵。
  • This dictionary is very useful,only it is a bit costly.这本词典很有用，左不过贵了些。
6 merging 65cc30ed55db36c739ab349d7c58dfe8     
合并（分类）
参考例句：
  • Many companies continued to grow by merging with or buying competing firms. 许多公司通过合并或收买竞争对手的公司而不断扩大。 来自英汉非文学 - 政府文件
  • To sequence by repeated splitting and merging. 用反复分开和合并的方法进行的排序。
7 margins 18cef75be8bf936fbf6be827537c8585     
边( margin的名词复数 )； 利润； 页边空白； 差数
参考例句：
  • They have always had to make do with relatively small profit margins. 他们不得不经常设法应付较少的利润额。
  • To create more space between the navigation items, add left and right margins to the links. 在每个项目间留更多的空隙，加左或者右的margins来定义链接。

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