SoftBank to Invest US$1 Billion into Korea’s Largest Online Retailer
June 03, 2015
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
Paul Hastings is a leading global law firm with a strong presence throughout Asia, Europe, Latin America, and the United States. Through a collaborative approach, entrepreneurial spirit, and commitment to client service, the professionals of Paul Hastings deliver innovative solutions to many of the world’s top financial institutions and Fortune 500 companies.