SoftBank to Invest US$1 Billion into Korea’s Largest Online Retailer
Shanghai/Seoul (June 3, 2015) - Paul Hastings LLP, a leading global law firm, announced today that the firm represented SoftBank Corp. in the execution of definitive agreements to invest US$1 billion in Coupang, the largest and fastest growing standalone e-commerce player in Korea. The closing of the transaction is subject to customary conditions.
Paul Hastings has advised SoftBank Corp. and its subsidiaries on a number of transactions over the years including its US$600 million Series D financing of KuaiDi Dache, a leading mobile taxi booking app in China; its US$420 million sale of PPLive Corporation to Suning and Hony Capital; and its US$120 million investment round for Wandoujia, one of China’s largest mobile app distribution platforms.
The Paul Hastings team is being led by M&A partners
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