10th Dec 2020 14:14
XLMedia PLC - London-based digital marketing services provider - Announces it has acquired US-based sports gaming and betting business CBWG Sports, that owns a series of sports and gaming websites, for USD12 million in cash and issue of 7 million XLMedia shares worth a total of USD3.5 million. This also includes a potential future contingent considerations of up to an additional USD9.5 million based on CBWG's net revenue, which is payable over three years to the end of 2023.
It is estimated the sites receive around 550,000 visits per month, and generated unaudited revenue of approximately USD 4.6 million and earnings before interest, tax, depreciation and amortisation of USD2.7 million over 12 months at October-end.
Current stock price: 38.40 pence
Year-to-date change: down 12.7%
By Zoe Wickens; [email protected]
Copyright 2020 Alliance News Limited. All Rights Reserved.
Related Shares:
Xlmedia