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Video ad overlay firm VideoEgg, part-owned by WPP, is hiring AdJug’s ad sales VP to be its new European MD, as it tries to grow its business on this side of the pond. Paps Shaikh helped found AdJug two years ago following a stint at how-to video site VideoJug. Shaikh was also director at MIVA and manager at Emap (LSE: EMA). VideoEgg does ads on a cost-per-engagement model through clickable banners that appear in the lower portion of a video and through AdFrames, a Flash rollover technology. Release.