Friday, September 15, 2017

Slacker Acquired By LiveXLive

San Diego-based online radio station and music streaming service Slacker Radio has been acquired by LiveXLive, the two companies announced on Friday. Financial terms of the acquisition were not announced, however, an SEC filing indicates the deal was worth around $50M, split between $44M in cash and $6M in stock. LiveXLive is a live music streaming service. LiveXLive said it will combine the content programming teams of both companies. Slacker was founded in 2006, and was venture backed by Austin Ventures, Centennial Ventures, Mission Ventures, Rho Ventures, and Sevin Rosen Funds. LiveXLive is based in Beverly Hills, and is led by CEO Robert Ellin. In a related move, LiveXLive apparently also has acquired New York-based social media software developer SNAP Interactive.

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