Home deals Live Music Streamer LiveXLive Acquires Social Video App SNAP Interactive For $34...

Live Music Streamer LiveXLive Acquires Social Video App SNAP Interactive For $34 Million

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Hypebot reports: “Today’s acquisition of SNAP interactive by LiveXLive will allow the live music video streaming platform to add group video chat and other social features. LiveXLive paid an aggressive $34.0 million for SNAP Interactive including $20.4 million in cash and $13.6 million in shares of LiveXLive common stock. Both SNAP and LiveXLive are traded in the over the counter market. SNAP has an array of mobile apps with users in 180 countries. As of June 30th, SNAP had 179,000 premium subscribers and 45,000 new users joining per day.”

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