Cooley Advises Viki on its Acquisition by Rakuten

Palo Alto, Calif. – September 3, 2013 – Cooley LLP announced today that it advised Viki, Inc. on its acquisition by Rakuten, Inc.  Viki, which is a play on the words "video" and "wiki," is a global TV site powered by a community of avid fans. Launched in December 2010, Viki now has over 22 million viewers every month who watch and share TV shows, movies, music videos and other premium content from around the world, translated into more than 160 languages.

With more than two billion video streams and 400 million words translated to date, Viki uniquely brings global primetime entertainment to new audiences and unlocks new markets and revenue opportunities for content owners. The Viki community translates thousands of hours of video from top broadcasters and content providers.

View the company press release here.

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About Viki

Viki is a global TV site with TV shows, movies and music videos translated into more than 160 languages by a community of avid fans. With over 22 million viewers a month, 1.5 billion videos viewed and over 400 million words translated, Viki uniquely brings global prime-time entertainment to new audiences and unlocks new markets and revenue opportunities for content owners. Viki was recognized by the World Economic Forum as a Tech Pioneer 2014. In 2011, Viki announced $20M in Series B funding from strategic investors BBC Worldwide and SK Planet, a subsidiary of SK Telecom; and from existing investors Greylock Partners, Andreessen Horowitz, Charles River Ventures and Neoteny Labs.

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