PR NEWSWIRE – Sep 11 – LiveXLive Media, one of the only premium streaming networks devoted to live music and music-related video content, has entered into a merger agreement to acquire SNAP Interactive, a provider of live video social networking and interactive dating apps. LiveXLive will continue to operate SNAP's current slate of apps and will look to leverage its influencer network to drive awareness and new subscribers to SNAP's host of digital services. The purchase price for the acquisition is ~$34M consisting of ~$20.4M in cash and ~$13.6M in shares of LiveXLive common stock.
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Summarized by the Courtland Brooks team