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.
The Cooley corporate and M&A team advising on the transaction was led by partner Matt Bartus and included partners Jamie Leigh and Tom Hopkins, associates Josh Seidenfeld, Sale Kwon, Ben Beerle, Robin Bennett, Nicole Hatcher and Christine Liu. Additional Cooley attorneys who assisted with the transaction included partner Renee Deming and associate Laura McDaniels (compensation and benefits); partner Francis Fryscak (antitrust); senior counsel Michael Stern and associates Nadya Bodansky and Jared Friend (technology transactions); partner Mark Hrenya and associate Mike Baker (tax); partner Anne Peck (trademark) and senior counsel Lois Voelz (employment & labor).
View the company press release here.
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