M&A Deal Summary

LiveOne Acquires React Presents

On February 7, 2020, LiveOne acquired media company React Presents from LiveStyle for 2M USD

Acquisition Highlights
  • This is LiveOne’s 1st transaction in the Media sector.
  • This is LiveOne’s 4th largest (disclosed) transaction.
  • This is LiveOne’s 5th transaction in the United States.
  • This is LiveOne’s 1st transaction in Illinois.

M&A Deal Summary

Date 2020-02-07
Target React Presents
Sector Media
Buyer(s) LiveOne
Sellers(s) LiveStyle
Deal Type Divestiture
Deal Value 2M USD

Target

React Presents

Chicago, Illinois, United States
website
React Presents, Inc. manages a club, concert, and festival promotion company that owns, operates, and rents event venues in the Midwest United States. React Presents is based in Chicago, Illinois.

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Buyer(S) 1

Buyer

LiveOne

Beverly Hills, California, United States

website


Category Company
Founded 2009
Sector Digital Media
Employees209
Revenue 65M USD (2021)
DESCRIPTION

LiveOne is a global talent-first, interactive music, sports, and entertainment subscription platform delivering premium content and live streams from the world's top artists. The Company has streamed over 1,800 artists since January 2020, has a library featuring close to 30 million songs, 500 expertly curated radio stations, 235 podcasts/vodcasts, hundreds of pay-per-views, personalized merchandise, released music-related NFTs, and has created a valuable connection between brands, fans, and bands. Its other major wholly-owned subsidiaries are LiveXLive, PPVOne, Slacker Radio, React Presents, Gramophone Media, Palm Beach Records, Custom Personalization Solutions, and PodcastOne which generates more than 2.48 billion downloads per year and 300+ episodes distributed per week across a stable of hundreds of top podcasts. LiveOne was formed in 2009 and is based in Beverly Hills, California.


DEAL STATS #
Overall 5 of 11
Sector (Media) 1 of 4
Type (Divestiture) 1 of 1
State (Illinois) 1 of 2
Country (United States) 5 of 11
Year (2020) 1 of 3
Size (of disclosed) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-05 Slacker Radio

San Diego, California, United States

Slacker, Inc. is a streaming music and personalized radio subscription service. Slacker Radio was founded in 2007 and is based in San Diego, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-05-08 PodcastOne

Beverly Hills, California, United States

PodcastOne is a subscription and advertiser-supported podcast network home to popular and star-studded podcasts across top genres including sports, comedy, celebrity culture, and entertainment, in an all-stock deal. PodcastOne generates over 2.1 billion downloads annually and produces over 350 episodes per week. PodcastOne's library of over 300 podcasts includes shows from Adam Carolla, A&E's Cold Case Files, Steve Austin, Shaquille O'Neal, Tip "T.I." Harris, Dr. Drew, Heather, and Terry Dubrow, Chael Sonnen, Kaitlyn Bristowe, LadyGang, Mike Tyson, Rich Eisen, Spencer and Heidi Pratt, Autumn Calabrese, Demi Burnett, Gals on the Go, and many more.

Buy $18M

Seller(S) 1

SELLER

LiveStyle

Beverly Hills, California, United States

website


Category Company
Founded 2011
Sector Media
Employees625
Revenue 354M USD (2014)
DESCRIPTION

LiveStyle, Inc. is a producer of live events, media and entertainment content, focused exclusively on electronic music culture. LiveStyle was founded in 2011 and is based in New York, New York.


DEAL STATS #
Overall 3 of 3
Sector (Media) 2 of 2
Type (Divestiture) 3 of 3
State (Illinois) 1 of 1
Country (United States) 2 of 2
Year (2020) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-04-16 Paylogic Holding B.V.

Groningen, Netherlands

Paylogic Holding B.V. is an event organizer provides high-end technology with a white-label proposition through which event organizers gain, besides the best ticketing solution, full control over access management, customer data and relations.

Sell -