ROK Entertainment Group Inc., the global mobile entertainment group and owners of ROK Comics (which is run by downthetubes’ John Freeman), has announced that it has acquired 100 per cent of the issued and to be issued share capital of Jalipo Ltd for total consideration of 600,000 ordinary shares.
Jalipo Media Limited, a wholly owned subsidiary of Jalipo Ltd and the only operating function therein, is a UK Registered IPTV company which offers live streaming of TV content over the internet. Jalipo is the first online marketplace for TV and video, allowing content owners to use the internet to offer their channels, video-on-demand and live events direct to viewers around the world.
“This acquisition is of great strategic importance to ROK,” commented Laurence Alexander, CEO of ROK, “as it furthers our presence in the mobile TV market. There are significant synergies between Jalipo’s product offering and our own, which we look forward to incorporating within and, as a result, enhancing, ROK’s delivery portfolio.”
Categories: Digital Media