London - ROK Entertainment Group, a provider of mobile TV delivery technology, announced on Tuesday that it has acquired Jalipo Ltd, a U.K. provider of IPTV services, through the issuance of 600,000 ROK shares in a transaction valued at about $16.8 million.

Jalipo operates an online marketplace for TV and video, allowing content owners such as BBC Worldwide and Bloomberg to offer Internet video-on-demand channels and live events to viewers around the world.

Founded in 2004, ROK enables streaming live and on-demand TV to mobile phones over 2.5G, 3G and Wi-Fi networks.

"This acquisition is of great strategic importance to ROK" said ROK CEO Laurence Alexander, "as it furthers our presence in the mobile TV market. There are significant synergies between Jalipo's product offering and our own, which we look forward to incorporating within and, as a result, enhancing, ROK's delivery portfolio."

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