Japan’s SoftBank Group said it will acquire DramaFever, an Internet video-on-demand player that specializes in international TV shows and movies.
Terms of the deal were not disclosed. Founded in 2009, New York-based DramaFever has raised $12 million to date from its investors including AMC Networks, Bertelsmann, MK Capital, SoftBank Ventures, NALA Investments and YouTube co-founder Steve Chen. The company’s board includes founders Seung Bak and Suk Park, along with Ross Levinsohn — the former CEO of Yahoo and Guggenheim Digital Media — and Bret Maxwell, managing general partner of MK Capital.
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