New York - Internet TV distributor ROO Group announced on Wednesday that it has acquired MyVideoDaily, a developer of video software and search marketing tools, for $350,000 in cash and up to 500,000 ROO shares. MyVideoDaily has been a ROO customer for more than a year; the companies jointly developed a desktop video application that has been installed on more than 750,000 computers.

Related Links:
http://biz.yahoo.com/prnews/070123/nytu053.html?.v=74
http://www.roomedia.com
http://www.myvideodaily.com