Exited ROK. What now for IROKOtv?

This is me. Super pumped and proud!

So last week IROKO announced the successful sale of her incubated media assets ‘ROK Group’ (‘ROK Studios’, ‘ROK1–3 on DStv/GOtv’ and ‘ROK on SKY’). IROKOtv remains intact. Still with a mission. Bring affordable, paid content to the world. Whereas I can’t disclose the number due to sensibilities in France for Vivendi Canal Plus, it was, at least to my knowledge, easily the largest media transaction / deal in West Africa history and possibly Africa (outside of SA). Mrs Njoku didn’t sell her shares, Vivendi Canal Plus acquired IROKO Ltd shares in the ROK Group, so she retains her stake. This is a fantastic exit and considering ROK was only 6-years old and required <$1m equity and debt $1.4m (Bank of Industry Loans) it was a big exit. Incidentally, as a result, Mrs Njoku now earns more than me and is almost worth more than me. I need to crack on to accelerate forward. Man must be man.

So what happens now? Make no mistake, ROK has been ...

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