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September 2, 2013 09:03 am GMT

Japanese E-Commerce Giant Rakuten Confirms Acquisition Of Video Site Viki

ViKi_logo_500Rakuten has confirmed that it will acquire Viki, a global video streaming platform that crowdsources translated subtitles. The Japanese e-commerce giant, which says it will sign an agreement to buy Viki tomorrow, did not disclose financial terms, but is reportedly paying $200 million.

Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/gZ_Fr8SVkiw/

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