XLMedia PLC Acquisition of Affiliate Network (5765L)
07 Julho 2014 - 3:00AM
UK Regulatory
TIDMXLM
RNS Number : 5765L
XLMedia PLC
07 July 2014
For immediate release 7(th) July 2014
XLMedia plc
("XLMedia" or "the Group")
Acquisition of Affiliate Network
XLMedia (AIM: XLM), a provider of digital performance marketing
services, is pleased to announce that it has acquired a leading
Scandinavian website network within the online gaming sector for a
cash consideration of US$2.3 million. The acquisition is expected
to be earnings accretive during the year ending 31 December
2014.
The network reviews a large number of online casino and poker
websites, mainly in Denmark, generating high value added content.
This enables it to refer significant amounts of customers to its
partner brands.
The acquisition represents an attractive opportunity for the
Group, offering a complementary geographic footprint to XLMedia's
existing Scandinavian presence and extending its reach into
Denmark, a fully regulated market.
The acquisition follows two acquisitions of domains in the North
American market during H1 2014, also aimed at extending into new
territories and further establishing a presence in fully regulated
markets.
The Group will continue to buy domains and websites as part of
its ongoing growth strategy as well as continuing to evaluate an
increased presence in fully regulated markets.
Commenting on the acquisition, CEO, Ory Weihs said,
"Since our IPO in March this year, we have continued to make
good progress with positioning XLMedia to capitalise on the
significant growth opportunities in the online gaming sector. This
acquisition represents a complementary fit for our business,
strengthening our reach in Scandinavia and providing entry into
Denmark, a fully regulated territory.
For further information, contact:
XLMedia plc Tel: 020 8817 5283
Ory Weihs
www.xlmedia.com
Buchanan Tel: 020 7466 5000
Jeremy Garcia / Sophie McNulty/ Clare Akhurst
www.buchanan.uk.com
Cenkos Securities plc Tel: 020 7397 8900
Ivonne Cantu/ Callum Davidson
This information is provided by RNS
The company news service from the London Stock Exchange
END
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