By Chris Wack
Roth CH Acquisition V said Monday that the exclusivity in its letter of intent with Slacker Inc., LiveOne’s wholly owned subsidiary, has expired and the parties have mutually agreed to terminate discussions with respect to a potential transaction to buy Slacker.
As a result, Roth CH is currently exploring opportunities with other potential merger candidates in order to complete its business combination.
The companies signed a letter of intent to merge in April. Had the deal gone through, Roth CH Acquisition V and Slacker would have combined at a valuation of $160 million.
LiveOne would have owned most of the postmerger company.
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