Youku Tudou Inc. and Tudou Holdings Limited today announced the completion of the merger between Tudou and Two Merger Sub Inc., a wholly owned subsidiary of Youku. ... As a result of the Merger, Tudou has become a wholly owned subsidiary of Youku. Youku’s name was changed from "Youku Inc." to "Youku Tudou Inc." at the effective time of the Merger.
Under the terms of the Merger Agreement ... each Tudou ADS representing four Tudou Class B ordinary shares issued and outstanding immediately prior to the effective time of the Merger has been surrendered in exchange for the right to receive 1.595 Youku American depositary shares, each representing 18 Youku Class A ordinary shares. Trading of Tudou ADSs on the Nasdaq Global Market will be suspended beginning on August 24, 2012.