Just got more details about Softbank’s investment into PPLive. It is USD 250 million for 35% equity stake. It is the largest single private equity investment into internet venture since the financial crisis in 2008.
For more details, please see my early blog about PPLive: http://en.technode.com/2011/02/03/pplive-got-several-hundred-million-usd-investment-from-softbank/
Author of Red Wired: China's Internet Revolution, the first book to completely survey the nature of China's internet. (http://redwiredrevolution.com/) She previously was the lead China technology reporter... More by Sherman So
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It’s funny that 10 years ago this type of money being thrown at a dot com start up was insanely popular. It shows you just how much investors follow trends and how instead, we should look more at the basics of what makes a good investment. Good on softbank for taking the plunge first.