LiveXLive to Acquire Slacker Radio for $50 Million
Company names media and entertainment executive Andy Schuon as president.
LiveXLive Media, Inc. (OTC: LIVX), a streaming music network for live music and video, announced in mid-September that it would acquire Slacker Radio, a streaming music and personalized subscription service for $50 million. The acquisition is the first action by newly-named president, Andy Schuon, a media and entertainment executive. As president, Schuon will oversee all divisions of the company, including LiveXLive, Wantickets, LiveXLive Influencers, and Slacker Radio and Snap Interactive, once the acquisitions are complete.
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