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XLMedia ( (GB:XLM) ) has shared an update.
XLMedia PLC has announced the receipt of the final payments from the sale of its Europe and Canada sports and betting gaming assets to Gambling.com Group Limited. The company received $7.5 million as the last installment of the fixed consideration and an additional $3.7 million as part of the earnout consideration, totaling $11.2 million. This transaction marks a significant step in XLMedia’s strategic refocus, impacting its financial position and potentially its market strategy.
More about XLMedia
XLMedia PLC is a digital media company that recently disposed of its sports and gaming digital media operations. The company focuses on providing digital performance marketing services, primarily in the sports and gaming industries.
YTD Price Performance: 9.39%
Average Trading Volume: 3,081,987
Technical Sentiment Signal: Hold
Current Market Cap: £14.1M
See more insights into XLM stock on TipRanks’ Stock Analysis page.