LiveXLive Media to Acquire Snap Interactive

LiveXLive Media announced today that it has entered into a merger agreement to acquire SNAP Interactive, a leading provider of live video social networking and interactive dating applications.

“We are building a unique, highly differentiated destination for music fans globally and are excited to add SNAP’s robust live video expertise and technology, intellectual property and user base to the LiveXLive family,” said LiveXLive’s Chief Executive Officer and Chairman of the Board, Robert Ellin. “LiveXLive is committed to becoming a live social music network with experiential tools and features from SNAP to power our video content and live streams for music lovers,” continued Mr. Ellin.

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