The Vietnamese media group is now developing its own channels and content to make up for losses caused by YouTube's termination of content hosting service agreement.
The Vietnam-based media group is still mired in YouTube incident while share prices plummet.
YouTube's decision to terminate hosting services for Yeah1 subsidiaries is casting shadow on one of Southeast Asia's biggest media groups.
Being the first media company in Vietnam to be listed on the stock exchange, Yeah1 has made the largest successful divestment deal ever when VinaCapital got the return up to $127 million from its only $3 million investment in Yeah1.
Yeah1 Group Corporation has just announced that it would issue 7.82 million shares, equivalent to 25% of the company's shares, to cornerstone investors at about $13.2 per share.
