Wuaki.tv

Japan's Rakuten, the nation's largest e-commerce company, and the third-largest in the world, has announced today that it has purchased Spain's leading video on demand service Wuaki.tv. This acquisition marks the fist move for Rakuten to enter the Spanish market, increasing its global market. While Rakuten currently doesn't have active business in the online video market, it does compete with the U.S.'s Amazon, and they are greatly increasing their online distribution of media.