RockYou Lands $50M Equity Financing

RockYou, a developer of social network applications, has landed a hefty $50 million in fresh funding, TechCrunch reported.
Previous backer Softbank led the round, which brings the start-up’s total funding to $119 million, the publication said.
Aside from creating its own applications, the company, which is said to post annual revenues of between $30 million to $40 million, also serves advertising to their own and other applications, TechCrunch said.