South Korea’s Coupang Corp is believed to be buying the software assets of failed Southeast Asian streamer Hooq for an undisclosed amount. 

The e-commerce platform has not yet unveiled its video streaming plans, reported by Bloomberg, citing unnamed sources close to the deal. 

No price tag is being put on the acquisition, which is being managed by Hooq Digital liquidators. 

Coupang is backed by Softbank, BlackRock Inc and Sequoia Capital. 

The company has not responded to requests for more information.

In a statement to Singapore’s stock exchange, Hooq majority owner Singtel said on 9 July that “there has been no material development in relation to the creditors voluntary winding up of Hooq Digital Pte Ltd.... that may have a significant impact on Singtel’s financial position”.