Ku6 Acquire Pipi to Enter Video Player Market

Yesterday, Ku6 announced to buy the P2P online video website Pipi.cn. Based on the agreement signed by two parties, Pipi will sell all its stock to Ku6 in exchange for Ku6’s additional 2,212,114,257 ordinary shares to Pipi’s share holders. The transaction is expected to complete in the second quarter this year....

[Continue reading: ]