ROK Goes Public Via Reverse IPO
ROK Entertainment Group and CyberFund (OTC: CYFD) today jointly announced that Cyberfund will aquire 100 percent of the issued and outstanding shares of ROK in exchange for 57,000,000 common shares of CyberFund, according to an e-mail release. Cyberfund will then change its name to ROK Entertainment Group. ROK has raised in excess of $40 million in financing, with the latest round bringing in $7 million a few weeks ago in preparation for an IPO. ROK has offices in the UK, US and China as well as JVs in Russia, Brazil and the UAE. It currently has 3 patents issued and 42 additional patent applications pending for new technologies which it has developed for the delivery of video entertainment to mobile phones.
Posted In: Entertainment, Media & Publishing, TV, Money, M&A & Venture Capital, Social Media, Video
iTunes Apps (Free)
Social Standing
Which media brands are getting a lift from Tweeters and bloggers right now -- and which are getting panned?
Show Me: