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Social Apps Distributor RockYou Adds $17 Million For $52M Third Round

Widget and social app firm RockYou is adding $17 million to its already hefty third round. Back in June, the San Mateo, Calif.-company started the round with $35 million led by DCM, with participation from several undisclosed backers. This latest capital infusion comes from Softbank and SK Telecom Ventures, the venture-capital arm of SK Telecom (NYSE: SKM), giving the company $52 million for the round and a total of $67 million for all three rounds.

The proceeds will go towards supporting a number of RockYou’s ambitions. That includes extending its presence in the Asia-Pacific market, such as building its widgets and apps into China’s largest social network, Xiaonei; working with SoftBank on a joint-venture company to develop products and services for use on PCs and mobile devices in Japan, Korea, Russia; and opening new offices in New York, Los Angeles and Detroit. RockYou is also considering acquisitions. Release

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Nov 3, 2008 9:13 AM ET
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Posted In: Advertising, Marketing, Money, M&A & Venture Capital, Venture Capital, Social Media, Countries, Asia, dcm, rockyou

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