Simpson Thacher & Bartlett and Skadden, Arps, Slate, Meagher & Flom have the lead roles in Chinese e-commerce giant Alibaba Group Holding Ltd.’s $1.22 billion investment, with a private equity fund led by Alibaba chairman Jack Ma, in online video company Youku Tudou Inc.
Hangzhou-based Alibaba and Ma’s Yunfeng Capital will pay a 26.3 percent premium for a joint 18.5 percent stake in Nasdaq-listed Youku Tudou, the result of a $1.1 billion merger between Chinese YouTube-like video sites Youku and Tudou in 2012.
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