News Corp. Buys 5% Stake in Online Video Tech Firm ROO

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ROO Group, a New York-based provider of Internet-video-syndication services, announced Monday that News Corp. took a 5% stake in the company and will acquire another 5% contingent on News Corp. hitting certain revenue-based milestones in using ROO’s services.

News Corp. currently uses ROO’s video-distribution and syndication services for several properties, including Fox News Channel, Sky News and The Times of London.

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