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!
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!
Labels: investment, News Corp., online video, ROOTV, video start-up
posted by NextNetBlogger at 5:49 AM
0 Comments:
Post a Comment
<< Home