23rd Sep 2021 14:25
XLMedia PLC - Henley-On-Thames-based digital performance publisher that operates online gambling, personal finance and sports platforms - Unveils acquisition of Harrogate-based digital PR and content marketing agency BlueClaw Media Ltd for GBP1.8 million cash. XLMedia will pay GBP600,000 on completion and GBP600,000 at the end of the first year, with a further GBP600,000 payable as earnouts depending on certain performance targets being hit. Anticipates merger will produce earnings accretive in the first full year of ownership. The companies have worked together since late 2020.
M&A moves before BlueClaw buy include acquiring US-based sports gaming and betting business CBWG Sports and completing takeover of 101GreatGoals.com in 2020.
Current stock price: 52.02 pence
Year-to-date change: up 61%
By Josie O'Brien; [email protected]
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