UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

SCHEDULE 13G

(Rule 13d-102)

Information Statement Pursuant to Rules 13d-1 and 13d-2

Under the Securities Exchange Act of 1934

(Amendment No.      )*

 

 

Youku.com Inc.

(Name of Issuer)

 

 

Ordinary Shares, par value $.0001

(Title of Class of Securities)

N/A

(CUSIP Number)

12/08/2010

(Date of Event Which Requires Filing of this Statement)

 

 

Check the appropriate box to designate the rule pursuant to which this schedule is filed:

¨ Rule 13d-1(b)

x Rule 13d-1(c)

¨ Rule 13d-1(d)

 

* The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

 

 

 


CUSIP No. N/A    13G    Page 2 of 7 Pages

 

 

  1.   

NAME OF REPORTING PERSON

 

Brookside Capital Partners Fund, L.P.

EIN No.: 04-3313066

  2.  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*

(a)         ¨

(b)         ¨

 

  3.  

SEC USE ONLY

 

  4.  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

    Delaware

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON WITH

   5.    

SOLE VOTING POWER

 

    As of December 8, 2010 – 264,382,288 shares

    As of December 17, 2010 – 264,382,288 shares

   6.   

SHARED VOTING POWER

 

    0

   7.   

SOLE DISPOSITIVE POWER

 

    As of December 8, 2010 – 264,382,288 shares

    As of December 17, 2010 – 264,382,288 shares

   8.   

SHARED DISPOSITIVE POWER

 

    0

  9.

 

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

    As of December 8, 2010 – 264,382,288 shares

    As of December 17, 2010 – 264,382,288 shares

10.

 

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES   ¨

 

11.

 

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

 

    As of December 8, 2010 – 14.26%

    As of December 17, 2010 – 14.26%

12.

 

TYPE OF REPORTING PERSON

 

    PN


CUSIP No. N/A    13G    Page 3 of 7 Pages

 

 

 

13.   

NAME OF REPORTING PERSON

S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

 

    Brookside Capital Trading Fund, L.P.

    EIN No.: 26-4233731

14.

 

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*     (a)   ¨         (b)   ¨

 

15.  

SEC USE ONLY

 

16.  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

    Delaware

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

   17.    

SOLE VOTING POWER

 

    As of December 8, 2010 – 3,600,000 shares

    As of December 17, 2010 – 3,600,000 shares

   18.   

SHARED VOTING POWER

 

    0

   19.   

SOLE DISPOSITIVE POWER

 

    As of December 8, 2010 – 3,600,000 shares

    As of December 17, 2010 – 3,600,000 shares

   20.   

SHARED DISPOSITIVE POWER

 

    0

21.

 

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

    0 Shares

22.

 

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES   ¨

 

23.

 

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

 

    As of December 8, 2010 – .19%

    As of December 17, 2010 – .19%*

24.

 

TYPE OF REPORTING PERSON

 

    PN

*Percentage is calculated using as the numerator the total number of American Depository shares held by the reporting person as converted to Class A Ordinary Shares, and as the denominator 1,853,577,710 Ordinary Shares Outstanding, plus the American Depository Shares as converted to 3,600,000 Class A Ordinary Shares.

 


Item 1(a). Name of Issuer

The name of the issuer to which this filing on Schedule 13G relates is Youku.com , Inc.

 

Item 1(b). Address of Issuer’s Principal Executive Offices

The principal executive offices of the Company are located at 5/F, SinoSteel Plaza, 8 Haidian Street, Beijing, 100080, the People’s Republic of China.

 

Item 2(a). Name of Person Filing

This Statement is being filed on behalf of the following (collectively, the “Reporting Persons”): (1) Brookside Capital Partners Fund, L.P., a Delaware limited partnership (“Partners Fund”). Brookside Capital Investors, L.P., a Delaware limited partnership (“Brookside Investors”) is the sole general partner of the Brookside Fund. Brookside Capital Management, LLC, a Delaware limited liability company (“Brookside Management”), is the sole general partner of Brookside Investors. (2) Brookside Capital Trading Fund, L.P., a Delaware limited partnership (the “Brookside Fund”). Brookside Capital Investors II, L.P., a Delaware limited partnership (“Brookside Investors II”) is the sole general partner of the Brookside Fund. Brookside Management is the sole general partner of Brookside Investors. Mr. Domenic J. Ferrante is the sole managing member of Brookside Management.

The Reporting Persons have entered into a Joint Filing Agreement, dated December 20, 2010, a copy of which is filed with this Schedule 13G as Exhibit A , pursuant to which the Reporting Persons have agreed to file this statement jointly in accordance with the provisions of Rule 13d-1(k)(1) under the Securities Exchange Act of 1934.

 

Item 2(b) . Address of Principal Business Office or, if none, Residence

The principal business address of each of the Partners Fund, Brookside Fund, Brookside Investors, Brookside Investors II, Brookside Management and Mr. Ferrante is 111 Huntington Avenue, Boston, Massachusetts 02199.

 

Item 2(c). Citizenship

Each of Partners Fund, Brookside Fund, Brookside Investors, Brookside Investors II, and Brookside Management is organized under the laws of the State of Delaware. Mr. Ferrante is a citizen of the United States.

 

Item 2(d). Title of Class of Securities

The class of equity securities of the Company to which this filing on Schedule 13G relates Class Ordinary Shares.

 

Item 2(e). CUSIP Number

N/A

 

Item 3. If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a: Not applicable.

 

(a) [    ] Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o).

 

(b) [    ] Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 73c).


 

(c) [    ] Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c).

 

(d) [    ] Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8).

 

(e) [    ] An investment adviser in accordance with §13d-1(b)(1)(ii)(E).

 

(f) [    ] An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F).

 

(g) [    ] A parent holding company or control person in accordance with §240.13d-1(b)(1)(ii)(G).

 

(h) [    ] A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813).

 

(i) [    ] A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3).

 

(j) [    ] Group, in accordance with §240.13d-1(b)(1)(ii)(J).

[x] If this statement is filed pursuant to §240.13d-1(c), check this box .

 

Item 4. Ownership

 

Item 4(a). Amount beneficially owned

As of the close of business on December 8, 2010, the Reporting Persons beneficially owned 267,982,288 Ordinary Shares. As of the close of business on December 17, 2010, the Reporting Persons beneficially owned 267,982,288 Ordinary Shares. Partners Fund acts by and through its general partner, Brookside Investors. Brookside Fund acts by and through its general partner, Brookside Investors II. Brookside Investors acts by and through its general partner, Brookside Management. Brookside Investors II acts by and through its general partner, Brookside Management. Mr. Domenic J. Ferrante is the managing member of Brookside Management and thus is the controlling person of Brookside Management. No person other than the respective owner referred to herein of the Common Stock is known to have the right to receive or the power to direct the receipt of dividends from or the proceeds from the sale of such Common Stock.

 

Item 4(b). Percent of Class

As of the close of business on December 8, 2010, the Reporting Persons beneficially owned 14.42% of the Ordinary Shares of the Company. As of the close of business on December 17, 2010, the Reporting Persons beneficially owned of 14.42% of the Ordinary Shares of the Company. The aggregate percentage of Common Stock reported owned by the Reporting Persons is based upon 1,853,577,710 Ordinary Shares outstanding, which is the total number of shares of Ordinary Shares outstanding as of December 8, 2010, based on representations made in the Company’s Form 424B4 filed December 8, 2010 with the Securities and Exchange Commission.*

 

Item 4(c). Number of shares as to which such person has:

 

(i)

   sole power to vote or to direct the vote:    267,982,288 Shares as of December 8, 2010
      267,982,288 Shares as of December 17, 2010

*Percentage is calculated using as the numerator, the total number of ordinary shares held by the reporting persons, including the American Depository Shares converted to Class A Ordinary Shares, and as the denominator, 1,853,577,710 Ordinary Shares Outstanding, plus the American Depository Shares as converted to 3,600,000 Class A Ordinary Shares.


 

      (ii)   

shared power to vote or to direct the vote:

 

0

     
      (iii)   

sole power to dispose or to direct the vote:

 

0

     
              
      (iv)   

Shared power to dispose or to direct the disposition of:

 

267,982,288 Shares as of December 8, 2010

267,982,288 Shares as of December 17, 2010

     
              
      (v)   

shared power to dispose or to direct the disposition of:

 

0

     
Item 5.    Ownership of Five Percent or Less of a Class   
  

Not Applicable.

  
Item 6.    Ownership of More than Five Percent on Behalf of Another Person      
  

Not Applicable.

     
Item 7.    Identification and Classification of the Subsidiary which Acquired the Security Being Reported on by the Parent Holding Company:
  

Not Applicable.

Item 8.    Identification and Classification of Members of the Group      
  

Not Applicable.

     
Item 9.    Notice of Dissolution of Group      
  

Not Applicable.

     


Item 10.    Certification      
  

By signing below, the undersigned certifies that, to the best of its knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.

     

Dated: December 20, 2010

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete, and correct.

 

BROOKSIDE CAPITAL PARTNERS FUND, L.P.
By:  

/s/ Domenic J. Ferrante

  Name:   Domenic J. Ferrante
  Title:   Managing Director

 

BROOKSIDE CAPITAL TRADING FUND, L.P.
By:  

/s/ Domenic J. Ferrante

  Name:   Domenic J. Ferrante
  Title:   Managing Director


Exhibit A

AGREEMENT REGARDING THE JOINT FILING OF SCHEDULE 13G/A

The undersigned hereby agree as follows:

 

  (1) Each of them is individually eligible to use the Schedule 13G to which this Exhibit is attached, and such Schedule 13G is filed on behalf of each of them; and

 

  (2) Each of them is responsible for the timely filing of such Schedule 13G and any amendments thereto, and for the completeness and accuracy of such information concerning such person contained therein; but none of them is responsible for the completeness or accuracy of the information concerning the other persons making this filing, unless such person knows or has reason to believe that such information is inaccurate.

Dated: December 20, 2010

 

BROOKSIDE CAPITAL PARTNERS FUND, L.P.
By:  

/s/ Domenic J. Ferrante

  Name:   Domenic J. Ferrante
  Title:   Managing Director

 

BROOKSIDE CAPITAL TRADING FUND, L.P.
By:  

/s/ Domenic J. Ferrante

  Name:   Domenic J. Ferrante
  Title:   Managing Director
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