Verb Technology To Acquire AI Video Commerce Platform LyveCom

(RTTNews) - Verb Technology Co., Inc. (VERB), Tuesday announced that it has executed a binding term sheet to acquire LyveCom, an AI-driven video commerce platform. The financial aspects of the deal are yet to be revealed.

Phase 1 integration of Lyvecom's technology is complete and the new MARKET.live will be launched officially Tuesday. The transaction is expected to close within the next 60 days.

According to Verb Technology, supporting livestream social shopping platform MARKET.live, and GO FUND YOURSELF!, the integration of LyveCom's AI-driven technology into MARKET.live will allow brands and merchants to deliver an omnichannel livestream shopping experience.

This proprietary technology embeds livestreams and shoppable videos directly onto merchant websites without impact on site speed, while simultaneously aggregating and repurposing content from TikTok, Instagram, and YouTube.