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LIVEONE SIGNS BINDING LETTER OF INTENT TO ACQUIRE TRADER2B AND EXCLUSIVELY LICENSE PLATFORM TO GAMIFY LIVEONE
Trader2B is Skill-Based Simulated Trading Platform Around Stocks, Crypto, Coins and NFTs LiveOne Annual Audience of 100 Million+ Will Have an Opportunity to
About this update from Liveone, Inc.
[{"type":"text","content":"Trader2B is Skill-Based Simulated Trading Platform Around Stocks, Crypto, Coins and NFTs\n LiveOne Annual Audience of 100 Million+ Will Have an Opportunity to Win Over $1 Million In Prizes\n\n\nLOS ANGELES, Dec. 28, 2021 /PRNewswire/ -- LiveOne (Nasdaq: LVO), a global platform for livestream and on-demand audio, video and podcast/vodcast content in music, comedy and pop culture, and owner of LiveXLive, PodcastOne, Slacker Radio, React Presents, Gramophone Media, Palm Beach Records and Custom Personalization Solutions, announced today that it has entered into a binding Letter of Intent with Trader2B, an existing trading platform, to exclusively license to use and integrate Trader2b's technology and platform in all music categories in order to gamify LiveOne's platform and user experience, as well as exclusive option to purchase Trader2b's business or its assets and operations within 180 days of the gamified platform's release by LiveOne. This proposed acquisition is the 8th acquisition for LiveOne and is subject to customary and other closing conditions.\n\n \n \n \n \n \n \n\n \nThe new platform on LiveOne, which will kick off with 25 music-related stocks, crypto, coins, and NFTs and will engage consumers, drive memberships and gamify trading where users can win prizes from LiveOne's subsidiaries and partners based on their trading skills, such as Teslas, LiveOne Founder coins, live experiences, subscriptions, merchandise and more. The platform will also include specific additional features to drive LiveOne memberships and enhance users' gamified experience. \n\"We are excited to gamify LiveOne and offer our 100 million + audience the ability to win over $1 million in prizes,\" said Robert Ellin, Chairman and CEO of LiveOne. \"This new platform will offer LiveOne memberships exclusive and original opportunities while keeping members informed about new artists, concerts, events, and industry news.\"\n\"My team and I are thrilled to partner with LiveOne to create a platform that will be fun and educational,\" said Makram Kebti, CEO of Trader2B. \"Trader2B has trained thousands of people in simulation over the last few years. We look forward to sharing our knowledge and technology to grow LiveOne's membership base and their engagement across the platform while focusing on music stocks and offering content and prizes from LiveOne's ...