Liveone's slacker and roth ch acquisition v co. announce letter of intent to merge

Deal is expected to value slacker at $160 million pre-money slacker surges to over 3 million members adding over 225k since january 1, 2023* byron roth expected to remain on the post-merger company's board of directors los angeles, ca , april 28, 2023 (globe newswire) -- via newmediawire  - liveone (nasdaq: lvo), an award-winning, creator-first music, entertainment, and technology platform, and roth ch acquisition v co. (nasdaq: rocl; roclu; roclw), a special purpose acquisition company, announced today that they have entered into a letter of intent to merge liveone's wholly-owned subsidiary, slacker, inc., with roth ch acquisition v co. at a pre money valuation of $160 million, subject to completion of diligence and definitive documentation. after the contemplated merger, liveone is expected to own the substantial majority of post-merger company and it is expected that slacker will continue its existing business relationship with liveone and liveone's podcastone in the creation and distribution of award-winning content.
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