Liveone's podcastone signs binding loi to acquire fantasy guru

- purchase price 500-800k shares in podcastone at $8 - adds 24k subscribers at $8+ arpu - expect to be immediately accretive adding $2.5+ million revenues and over $600k in ebitda - podcastone enters booming fantasy sports market valued at over $20 billion - brings fantasy guru's 20 expert creators across radio/podcasts and 300k fans of fantasy sports - artificial intelligence including chatgpt powers fantasy guru to assist in the predictions of player props and building of effective daily fantasy sports lineups los angeles, ca, june 26, 2023 (globe newswire) -- via newmediawire -- liveone ( nasdaq :  lvo ), an award-winning, creator-first, music, entertainment and technology platform, announced today that it has signed a binding letter of intent to acquire 100% of guru fantasy sports, inc. ( fantasyguru.com ) in an all stock transaction with consideration payable in shares of podcastone. if the acquisition is consummated, liveone intends to integrate fantasy guru as part of podcastone's business.
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