Softbank buys 35% stake in Chinese online TV provider Synacast

4 Feb 2011

Softbank Corp of Japan has purchased a 35% stake in China’s Synacast Corporation, PPTC (formerly PPLive), a leading provider of online TV services through peer-to-peer streaming video freeware. The Japanese group paid around JPY20 billion (USD244 million) for the stake via a private placement of shares. Launched in 2004, PPTV has 200 million user installations and 105 million active monthly users in China. Its website produces programming for more than 120 TV stations supported by a mix of advertising and pay-per-view.

China, Japan, SoftBank Group Corp