CORRECTED-Temasek unit plans up to $185 mln selldown Youku Tudou - IFR

Thu Sep 12, 2013 11:45pm EDT

(Corrects spelling of Temasek unit to Sennett from Sennet)

HONG KONG, Sept 13 (Reuters) - Singapore sovereign investor Temasek Holdings plans to sell a stake worth up to $185 million in Youku Tudou Inc, winding up its investment in the online video company, IFR reported on Friday, citing a term sheet of the transaction.

Temasek, through its affiliate Sennett Investments, is offering 7.7 million shares in U.S.-listed Youku Tudou in a range of $23.80 to $24.00 each, said IFR, a Thomson Reuters publication.

Credit Suisse was hired to manage the stake sale, it said. (Reporting by Fiona Lau of IFR; Writing by Elzio Barreto; Editing by Paul Tait and Stephen Coates)

A couple walks along the rough surf during sunset at Oahu's North Shore, December 26, 2013. REUTERS/Kevin Lamarque

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