Industry News
XLMedia Partially Disposes Personal Finance Assets for $1.3 Million

XLMedia has announced the part disposal of the Group’s Personal Finance assets for a total cash consideration of $1.3 million (the Disposal). The Disposal comprises domains and websites including Investor Junkie, Greedy Rates and Young and Thifty owned by XLMedia Publishing Limited and Webpals Systems SC Limited, subsidiaries of XLMedia plc. The cash generated from the Disposal will be utilised in the day-to-day operations of the business.
The Disposal is in line with the Company’s strategy to exit non-core activities while focusing on the Group’s Sports and Gaming business, expanding its North American Sports footprint, while also refining and developing the Group’s EU Sports portfolio, and the Group’s Gaming assets in selected markets, including the US.
In the year ended 31 December 2022, the assets relating to the Personal Finance division generated revenues of $1.9 million and EBITDA loss of $1.3 million.
The Personal Finance assets were excluded from continuing operations as disclosed in the Company’s year ended 31 December 2022 results and have no impact on earnings in the current financial year.
Following the sale of these assets to MPD Media, the process to sell the remaining Personal Finance assets is at an advanced stage, but there is no certainty that a transaction or transactions will complete.
-
Africa6 days ago
HYPROP MTN SHIFT Gaming Experience2025: South Africa’s Biggest Gaming Showdown Returns
-
Latest News7 days ago
Best Online Blackjack Sites in Europe for 2025, Ranked by Games, Bonuses & More
-
Aquisitions/Mergers6 days ago
S8UL acquires North America’s leading Mobile Legends: Bang Bang roster ahead of Esports World Cup 2025
-
Interviews6 days ago
Are No Deposit Free Spins Worth It? A Chat With Paul Puolakka, CMO of Mr. Gamble
-
Baltics6 days ago
Running, Riding, and Rising Together: Wellness Takes the Lead at MARE BALTICUM 2025
-
Latest News6 days ago
Week 20/2025 slot games releases
-
Asia6 days ago
IGT Wins “Best Casino Supply” Category at 2025 G2E Asia Awards
-
Conferences in Europe7 days ago
Gaming in Holland Conference announces new speakers, pre-conference program