Frankly Inc. announced acquisition of all of the units of Gannaway Web Holdings, LLC, doing business as WorldNow for total consideration of USD 45 million. Frankly has appointed Joseph G. Fiveash, III, Vice President, Digital Media, Strategy and Business Development of Raycom Media Inc., as a member of Frankly's board of directors, Lou Schwartz as President of the Media Division of Frankly, Harrison Shih as President of the Platform Division of Frankly and Inna Vartelsky as Interim Chief Financial Officer and Global Controller of Frankly, replacing Lena Masters. In addition, Mr. Jung Woo Sung has stepped down as a director of Frankly.