SoftBank-backed Coupang to buy Hooq assets in Asian video entry

Hooq's branding is seen at an event in Mumbai, India.

South Korean e-commerce giant Coupang Corp. is buying the software of Hooq Digital Ltd., the Southeast Asian video streaming service owned by Singtel, Sony and Warner Bros that’s filed for liquidation, according to people familiar with the deal.

Coupang has already struck a deal to acquire the assets, the people said, asking not to be named because the information hasn’t been announced.

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