Here’s the latest exit in the hot space of niche online video: SoftBank announced Tuesday that it is acquiring New York-based niche video startup DramaFever. The acquisition is being handled by SoftBank’s Internet and Media subsidiary, which is being headed by former Google executive Nikesh Arora.

A press rerealse announcing the deal quoted Arora with the following words:

[blockquote person=”” attribution=””]In five short years since going live, DramaFever has built an impressive internet-based streaming video business operating at scale. (Co-founders) Seung Bak and Suk Park have a proven business model in a dynamic industry, and we look forward to helping them bring their highly popular video content to an even larger global audience.[/blockquote]

Terms of the deal weren’t disclosed. DramaFever raised a total of $12 million from investors like AMC Networks, NALA and SoftBank Ventures. There had been talks that Dramafever was either trying to raise more money or looking…