Thursday, October 29, 2020

LiveXLive Acquires E-Commerce Company For $6M

Los Angeles-based LiveXLive Media, which operates a livestreaming and on-demand audio, video, and podcasting service, says it has signed an agreement to acquire Custom Personalization Solutions, LLC, in a deal worth up to $6M. According to LiveXLive, it signed a binding Letter of Intent to acquire CPS in an all stock deal, which is expected to close by December 31st, 2020. LiveXLive said that CPS had approximately $19M in revenue in 2019. CPS is based in Addison, IL, and currently has more than 7-0 full-time employees. LiveXLive explained the acquisition will allow it to create and distribute unique and limited edition personalized clothing, jewelry, toys as well as virtual goods.

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