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KIT digital Enters Into Definitive Agreement to Acquire Kamera Content AB
05.22.08
STOCKHOLM, Sweden
KIT digital, Inc. (formerly ROO Group) (OTCBB: RGRP), a global provider of IPTV enablement technology and video-centric interactive marketing solutions, announced today that it has entered into a definitive agreement for the acquisition of Stockholm-based Kamera Content AB. The acquisition, which abides by the terms and conditions of the previously announced Letter of Intent between the companies, significantly expands the European and Asian presence of KIT digital, while adding market-leading mobile video capabilities to its product offerings.
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