RockYou looks to Asia with new $17 million investment
Investments to the tune of $17 million are a rarity these days, but app-factory RockYou has done just that: the San Francisco-based company has announced that Japanese mobile giant SoftBank and Korean telecom investment company SK Telecom Ventures have invested $17 million to create a new joint venture to build apps for the Asia-Pacific market.
RockYou's Series C venture round, which pulled in $35 million, was in June--with the fresh $17 million, the company has raised $67 million so far.
This marks the entry of RockYou, which is best known for its Facebook and MySpace widgets, into the mobile … Read more