XLMedia, an affiliate group, is selling its European and Canadian gambling assets to Gambling.com Group for up to $42.5 million.
This move shows XLMedia's focus shifting towards the US market. The sale includes popular sites like Freebets.com and also WhichBingo.
XLMedia aims to clear debts, provide working capital, and return cash to shareholders. The deal, valued at 200% of XLMedia's market cap, is expected to complete by April 1.
This move shows XLMedia's focus shifting towards the US market. The sale includes popular sites like Freebets.com and also WhichBingo.
XLMedia aims to clear debts, provide working capital, and return cash to shareholders. The deal, valued at 200% of XLMedia's market cap, is expected to complete by April 1.
