Steve Austin Shaquille Oneal Adam Carolla show record 2020 Music Steve Austin Shaquille Oneal Adam Carolla

LiveXLive to Acquire PodcastOne in $18 Million Stock Deal

Reading now: 992
variety.com

By Todd Spangler NY Digital Editor Music livestreamer LiveXLive is diversifying its business with the acquisition of PodcastOne, a podcast network that hosts shows by Adam Carolla, “Stone Cold” Steve Austin, Shaquille O’Neal and others, in an all-stock deal valued at about $18 million.

Under the deal, LiveXLive — which to date has been a money-losing venture and last month received relief funding under the U.S.’s CARES Act — is acquiring Courtside Group, owner and operator of PodcastOne, in stock worth $18.1 million based on LiveXLive’s closing share price on May 7.

The proposed acquisition is expected to close by June 2020, subject to certain closing conditions. PodcastOne produces more than 350 ad-supported podcast episodes per week

Read more on variety.com
The website starsalert.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News

DMCA