GameSquare and its Frankly Media subsidiary entered into a definitive agreement with SoCast for SoCast’s acquisition of Frankly’s radio business assets. Frankly provides an online content management platform and related content services for approximately 700+ radio stations. In exchange for the Frankly technology platform and customer accounts, SoCast has agreed to pay Frankly $4M, which includes $3M upon closing of the transaction and up to an additional $1M based on future revenue derived from the radio assets. The transaction is expected to close by the end of November 2023.
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