SEGG Media Acquires Majority Stake in Veloce Esports

SEGG Media ( (SEGG) ) has issued an announcement.

On February 17, 2026, SEGG Media entered into seven Share Purchase Agreements with various shareholders of Veloce Esports Limited to acquire 20,008 existing Veloce shares for a total of £25.1 million, paid through staged cash installments, 2,127,086 SEGG common shares, and a pre-funded warrant for 227,500 additional shares. The agreements, which include customary representations, transfer restrictions, and option and default provisions, value the SEGG stock consideration at £7.35, or $10.00, per share.

On the same date, SEGG Media completed both this share purchase and a previously agreed subscription for 4,634 newly issued A1 ordinary shares of Veloce for about £5.7 million, funded by £3.19 million in cash and 338,360 SEGG common shares. As a result of these transactions, SEGG Media now owns approximately 67.93% of Veloce’s issued share capital, with the deal qualifying as a significant acquisition above the 20% threshold and requiring subsequent filing of Veloce’s financial statements and pro forma financial information, signaling a material expansion of SEGG’s esports footprint for investors and other stakeholders.

The most recent analyst rating on (SEGG) stock is a Buy with a $15.50 price target. To see the full list of analyst forecasts on SEGG Media stock, see the SEGG Stock Forecast page.

More about SEGG Media

Sports Entertainment Gaming Global Corporation, which operates under the SEGG Media name, is active in the sports entertainment and gaming sector, with a strategic focus on esports and related digital media assets. By acquiring a majority stake in Veloce Esports Limited, an England and Wales incorporated esports company, SEGG Media is deepening its presence in competitive gaming and associated media properties.

Average Trading Volume: 11,212,276

Technical Sentiment Signal: Sell

Current Market Cap: $15.55M

For detailed information about SEGG stock, go to TipRanks’ Stock Analysis page.