Festival streamer LiveXLive to acquire PodcastOne
The multifaceted digital entertainment company is getting into podcasting by acquiring Norman Pattiz’s Courtside Group in a deal worth $18m+
News By IQ | 8 May 2020
Digitally focused live entertainment group LiveXLive has announced its acquisition of Courtside Group, the owner and operator of podcasting network PodcastOne.
The all-stock deal – worth an estimated US$18.1 million based on LiveXLive’s share price ($3.32) at market close yesterday (7 May) – sees LiveXLive acquire a company that boasts more than two billion podcast downloads annually produces over 350 episodes per week. PodcastOne’s roster of creators includes Shaquille O’Neal, Adam Carolla, TI, Mike Tyson, Dr Drew and ‘Stone Cold’…
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