XLMedia says CEO David King will be made redundant and the company’s shares will cease trading in May following the sale of its North American assets. The US$30m acquisition by Sportradar in October meant XLMedia had sold materially all of its assets. In an update on Monday, XLMedia said it will
XLMedia Outlines Further Redundancies Affect the Company’s CEOA new update submitted by XLMedia, a digital performance marketing firm, outlines its restructuring of the Board of Directors which will also see the position of chief executive officer made redundant.Board Members and CEO to Go in the Su
XLMedia Plans £16M Tender Offer in 2025 as Part of Business Wind-DownXLMedia PLC, a digital media affiliate company listed on the Alternative Investment Market (AIM), plans to start a £16 million ($20.2 million) tender offer in early 2025. This move is part of its plan to close down operations and g
Its subsidiary, XLMedia, has announced a conditional agreement to sell its North American business assets to Sportradar for up to $30 million.The deal includes a $20 million upfront payment and an additional $10 million due in April 2025, contingent on performance.The transaction is expected to be c
XLMedia conditionally agreed to sell its North America business to Swiss sports data and analytics company Sportradar for up to $30 million in cash.The London-listed digital media company said Monday that following the deal’s completion, which is expected shortly after its general meeting on Nov. 7,
XLMedia PLC announced on Monday (21) that it has entered into a conditional sale agreement of its North American businesses to Sportradar AG, turning the company into a 'cash shell' (those whose assets consist mostly or entirely of cash) upon completion. The contract, subject to shareholder approval
XLMedia to Sell US Assets to Sportradar, Plans to Delist by MaySports and gaming digital media company XLMedia has agreed to sell its remaining business in North America to Sportradar, a Switzerland-based sports data specialist. This conditional agreement will see the rest of XLMedia’s NA business t
Sportradar is set for a US$30m acquisition of the North American business of XLMedia, the growth of which “did not match” original plans. The deal, subject to shareholder approval on November 7, will cost Sportradar $20m up front and up to an additional $10m payable in April next year, subject to
XLMedia released financial results for the six months ended June 30, 2024, which took into account the sale of its assets in Europe and Canada. Earlier this year, XLMedia announced the sale of its sports betting and gaming assets to Gambling.com for a fixed consideration of $37.5 million, w
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