Roo Group, the OTC-traded and troubled video aggregator and IPTV provider in which News Corp (NYSE: NWS) has a stake, has been going through its share of management troubles, and is now taking the next step: it is moving out of the city and relocating its corporate headquarters/executive management from New York and Australia to Dubai. Also, it is buying its Australian subsidiary Sputnik, and Gavin Campion, the managing director of Sputnik, is the new president of the overall company. This is in keeping with the company’s efforts to simplify its corporate structure.

SEE ALSO: News Corp.’s Roo Group Investment: $0; COO Terminated

As for the move, 85 percent of current revenues for ROO comes from outside North America. More details in release.