02 Sep '13, 2am

Rakuten acquires streaming video site Viki for reported USD 200M

Rakuten acquires streaming video site Viki for reported USD 200M September 2, 2013 by Terence LEE Japan e-commerce giant Rakuten is set to purchase Viki , a streaming video site based in Singapore, Seoul, and San Francisco. The purchase price is USD 200M, said sources with knowledge of the situation. If true, this makes it the biggest ever acquisition of a web and mobile startup based in Southeast Asia. Detik of Indonesia was bought for USD 60M, while Singapore’s sgCarMart was purchased for USD 48M. Rakuten’s foundation is not limited to e-commerce, said CEO Hiroshi Mikitani. The company has been finding a global solution for video. It has invested in social bookmarking site Pinterest and has purchased e-book platform Kobo for USD 315M. Viki offers television shows, movies and music videos that are accessible globally. Its unique feature is its crowdsourced subtitling in a...

Full article: http://sgentrepreneurs.com/2013/09/02/rakuten-acquires-st...

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Rakuten to buy Singapore video startup Viki reportedly for $200M

Rakuten to buy Singapore video startup Viki rep...

zdnet.com 02 Sep '13, 4am

Singapore startup Viki, which streams videos with crowdsourced subtitles, is reportedly set to be acquired by Japanese e-c...

Rakuten gets even more social, acquires Singapore-based video site Viki

Rakuten gets even more social, acquires Singapo...

techinasia.com 02 Sep '13, 3am

Japan’s e-commerce titan Rakuten (JSD:4755) has acquired the video streaming site Viki , it has been revealed today. Rakut...

What Viki's USD 200M exit means for Singapore's startup ecosystem:

What Viki's USD 200M exit means for Singapore's...

sgentrepreneurs.com 02 Sep '13, 2pm

What Viki’s USD 200M exit means for Singapore’s startup ecosystem September 2, 2013 by Terence LEE Rakuten’s reported USD ...

Rakuten extends its focus on entertainment afte...

thenextweb.com 02 Sep '13, 3am

Japanese e-commerce juggernaut Rakuten announced officially today that it has bought Singapore-based global video-streamin...

Rakuten extends its focus on entertainment afte...

thenextweb.com 02 Sep '13, 3am

Japanese e-commerce juggernaut Rakuten announced officially today that it has bought Singapore-based global video-streamin...

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What the Viki acquisition means for Singapore

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