This is probably the largest investment in a P2P company ever. The China based live streaming pioneers at PPLive just raked in $250 million.
“Synacast is better known under the name of its popular peer-to-peer video platform PPLive. Softbank announced the deal earlier today without disclosing specifics, but PPLive CEO Vintent Tao confirmed the actual amount during a phone interview, saying that “this capital will really help us to be more competitive in China”.”
GigaOM has the juicy details.This post is from the News Bits section of TorrentFreak where we present stories from around the web in a concise summary format. Full TorrentFreak articles can be found here. If you have a tip please let us know. News Bits have their very own RSS feed