1 Comment

Summary:

White label online video provider Roo Group, which powers video services for MSN, Excite, FT and others, has bought out a small online video…

White label online video provider Roo Group, which powers video services for MSN, Excite, FT and others, has bought out a small online video sharing site MyVideoDaily. The price: $350K and half a million Roo shares (Roo is traded on OTC board), which by yesterday’s price would be a total of around $1.7 million.
Besides MVD’s own site, it operates 18 domains and distributing multiple video software titles, the company said. The site had been a customer of ROO’s for over a year. More details in the release here.

You’re subscribed! If you like, you can update your settings

  1. Ralph Signetti Tuesday, January 23, 2007

    So, what does this mean? Roo spent more of their $15mil and will have nothing to show for it?

Comments have been disabled for this post