LiveXLive Acquires Slacker Radio for $50 Million

Entertainment company LiveXLive today announced that it has acquired music startup Slacker Radio for $50 million.

Slacker Radio, founded in 2006, is next-generation personalized radio that allows music lovers to choose from a broad selection of human-curated music, news and sports stations that are personalized to their tastes. Listeners can create their own stations from a catalog of songs 10 times as large as the next leading service. Slacker can be accessed for free from virtually any mobile device and most new car models.

Prior to the exit, Slacker Radio had raised $70.66 million from investors, including Austin Ventures Centennial Ventures and Mission Ventures.