ROK Entertainment acquires Jalipo

Global mobile entertainment group ROK Entertainment announced its acquisition of Jalipo Media Limited, an online TV and video marketplace enabling content owners to distribute their channels, video-on-demand and live events direct to viewers via the web. In a statement, ROK CEO Laurence Alexander noted significant synergies between Jalipo's product offering and his firm's live and on-demand mobile broadcast technologies. Per terms of the deal, ROK will acquire 100 percent of Jalipo's issued and to-be-issued share capital for total consideration of 600,000 ordinary shares--roughly $16.8 million.

For more on the ROK/Jalipo deal:
- read this release

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