• You On Demand (YOD +1.3%) says in a filing that it's entered into a common stock purchase agreement with Seven Stars Works, part of the empire of tycoon Bruno Wu.
• YOD will issue and sell 2,272,727 shares of stock for $1.76/share (about $4M total). YOD shares are up 1.9% after hours, to $1.61/share.
• Some $2M in the deal has been received and close, with the other $2M pending receipt of ordinary course approval from Chinese authorities.
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