Paul Hastings Advises SOFTBANK CORP. on its investment in PPLive

February 08, 2011

Shanghai (February 8, 2011) Paul, Hastings, Janofsky & Walker LLP, a leading global law firm, announced today that it has advised SOFTBANK CORP. (SOFTBANK) on its acquisition of a 35% stake into Synacast Corporation, also known as PPLive, the operator of PPTV, a leading online TV service in China. This is one of the largest strategic investments in China in the last 12 months.

We are delighted to have advised SOFTBANK on their investment into PPLive. The online video market worldwide, and particularly in China, is growing rapidly. The investment by SOFTBANK in PPLive will contribute to further development in the online video market. said David Wang, a partner in the Paul Hastings Corporate practice and chair of the Shanghai office.

The Paul Hastings team was led by partners David Wang and Jia Yan, and assisted by associates Amber Tang and Stancy Qian. Our China team was supported by tax partner Alexander Lee in the U.S.

Paul, Hastings, Janofsky & Walker LLP is a leading global law firm with offices in Asia, Europe, and the United States. We provide innovative legal solutions to financial institutions and Fortune 500 companies. Please visit www.paulhastings.com for more information.