SEGG Media (SEGG) confirmed that Sports.com Media Group has signed a Letter of Intent to invest in women’s sports by acquiring all the assets of Racing Women Limited. Under the LOI, Sports.com Media will become the rights holder to Racing Women and acquire a 51% controlling stake in a newly created entity that holds all the assets of Racing Women at a $1 million valuation, with options to expand to full ownership. The acquisition includes Racing Women’s intellectual property, and global rights, establishing the initiative as a core asset within SEGG Media’s motorsport expansion strategy.
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