Tuesday, January 30, 2007

News Corp. Invests in ROO

The Wall Street Journal reported (behind paywall) this morning that News Corp would announce a $12 million investment in online video startup ROO.
News Corp. is expected to announce today that it agreed to buy as much as 10% of ROO Group Inc., an online video-technology provider.

The deal, valued around $12 million, puts ROOTV's valuation at more than $120M!

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