Full-Scale Operation of RockYou Asia Inc.
SOFTBANK CORP. announces that it has concluded a joint venture agreement today with a social application provider, RockYou, Inc. (Head office: California, USA) and other companies which provide social applications on Social Networking Sites (SNS) concerning a joint venture company called ‘RockYou Asia Inc.’(Head office: Minato-ku, Tokyo) to start a full-scale operation.
This joint venture company aims at providing advanced services such as social applications to match the evolved methods of utilization of the SNS's which are spreading rapidly throughout Asia.
In addition to SOFTBANK CORP. and RockYou, Inc., GungHo Online Entertainment, Inc. (Head office: Chiyoda-ku, Tokyo) etc. participate in the establishment of the joint venture company.
About RockYou, Inc.
RockYou, Inc. is one of the biggest SNS widget providers in the world who provides widgets such as ‘SuperWall’ through which one can share pictures, videos etc with friends on SNS. Its business model is centered on targeted advertising in application.
Outline of RockYou Asia Inc.
| Business description | Development and provision of social application on SNS | |
|---|---|---|
| Representative | Taizo Son, President & CEO | |
| Capital | 75 million JPY (capital reserve: 75 million JPY) | |
| Capital structure | SOFTBANK CORP. | 44% |
| RockYou, Inc. | 44% | |
| GungHo Online Entertainment, Inc. | 9% | |
| DCM (fund) | 3% | |
-
Releases, announcements, presentations and other information available from this page and elsewhere on this website were prepared based on information available and views held at the time of preparation and speak only as of the respective dates on which they are filed or used by SoftBank Group Corp. or the applicable group company, as the case may be. Such information is subject to change and may become out-of-date. Such information may also contain forward-looking statements which are by their nature subject to various risks and uncertainties that may cause actual results and future developments to differ materially from those expressed or implied by such statements. Please read legal notices in its entirety prior to viewing any information available on this website.
