Brief: Liveone’S Podcastone Signs Binding LOI To Acquire Fantasy Guru

LiveOne

26/06/2023 13:52

June 26 (Reuters) - LiveOne Inc  LVO.O :
    * LIVEONE’S PODCASTONE SIGNS BINDING LOI TO ACQUIRE FANTASY
GURU
    * LIVEONE INC: BINDING LETTER OF INTENT CONTEMPLATES AN
ALL-STOCK
TRANSACTION
    * LIVEONE INC - PURCHASE PRICE 500-800K SHARES IN PODCASTONE
AT $8
    * LIVEONE INC - IF ACQUISITION IS CONSUMMATED, CO INTENDS TO
INTEGRATE FANTASY GURU AS PART OF PODCASTONE'S BUSINESS
    * LIVEONE INC: TRANSACTION IS EXPECTED TO BE ACCRETIVE TO
BOTH
REVENUE AND CASH FLOW OF PODCASTONE IMMEDIATELY UPON CLOSING

Source text for Eikon:  ID:nGNX2MYPwk 
Further company coverage:  LVO.O 

 ((Reuters.Briefs@thomsonreuters.com;))