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Wednesday May 07, 2008
ROK Buys Video Marketplace JalipoMobile video-on-demand provider ROK Entertainment Group is buying Jalipo Media, the latest in a string of acquisitions for the UK-based ROK. Jalipo is a self-proclaimed online marketplace for TV and video. Or, as RCR Wireless News describes it, "kind of a premium YouTube, allowing users to access news, sports, movies and other video content on computers for a fee." In the past year or so, ROK has acquired software firm Genium and mobile video provider Fun Little Movies. It's shelling out 600,000 shares, or about $16.8 million, for Jalipo. Email This Post |
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