LiveOne's PodcastOne Intends To Acquire Fantasy Guru
Portfolio Pulse from Akanksha Bakshi
LiveOne Inc (NASDAQ:LVO) has signed a binding letter of intent to acquire Guru Fantasy Sports, Inc. in an all-stock transaction. The acquisition will be integrated into PodcastOne's business, entering the $20 billion fantasy sports market. The deal is expected to add $2.5+ million in revenues and over $600k in EBITDA.
June 26, 2023 | 3:16 pm
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LiveOne's acquisition of Guru Fantasy Sports is expected to boost revenues by $2.5+ million and EBITDA by over $600k, entering the $20 billion fantasy sports market.
The acquisition of Guru Fantasy Sports by LiveOne will allow the company to enter the booming fantasy sports market, valued at over $20 billion. This is expected to have a positive impact on LiveOne's revenues and EBITDA, making it a potentially beneficial move for the company and its investors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100