SNAP Terminates Merger Agreement With LiveXLive Media

ACCESSWIRE – Nov 1 – The merger agreement was terminated by SNAP due to certain conditions of the agreement that were not fulfilled as of October 27, 2017, which relieved SNAP of its obligations under the agreement. SNAP entered into the agreement in September. The purchase price was ~$34M consisting of ~$20.4M in cash and ~$13.6M in shares of LiveXLive common stock. Snap Interactive will move forward as a stand-alone entity.