LiveOne Increases Stake in PodcastOne with 1.47M Share Purchase
Key Facts
In a move reflecting strategic consolidation within the digital media sector, LiveOne has significantly increased its equity stake in PodcastOne. According to reports, the company acquired 1.47 million common shares since March 31, 2026, at an average price of $2.81 per share. These recent purchases have brought LiveOne's total ownership in the platform to 20.8 million shares.
This acquisition comes as PodcastOne maintains a solid cash position of over $6.5 million, supporting the subsidiary's financial standing. The increased stake signals parent-company confidence in the current valuation and future prospects of its podcasting operations, particularly as buying continued through the first half of fiscal year 2027.
Regarding market performance, LVO shares stood at $3.2 at the close of September 17, 2026, having traded between a low of $3.11 and a high of $3.63 during that session per market data. With no immediate sector-specific catalysts in the upcoming economic calendar, investors may watch the $3.11 support level to gauge stock stability following the ownership update.