Sportradar completes acquisition of XL Media

Sportradar AG and XLMedia Plc have reached a "conditional agreement" for the sale of XLMedia Plc's North American business in exchange for $30 million in cash.

Sportradar tabled a $20 million cash offer and a $10 million performance incentive to buy the company's remaining North American media assets, XLMedia informed investors this morning.

The offer still needs to be approved by shareholders at the general meeting on November 7, 2024.

 

[swift]

i think Sportradar has completed its acquisition of XL Media, the digital marketing firm specializing in the sports gaming sector. Under the deal, Sportradar has acquired 100% of XL Media’s shares for an initial upfront fee of €22m ($27m), with an additional amount of up to €26m

 

[gwolf666]

Sportradar AG and XLMedia Plc have agreed on a conditional deal for Sportradar to acquire XLMedia’s North American business for $30 million. The deal consists of a $20 million cash payment and a $10 million performance-based incentive. XLMedia has informed its investors, but the agreement still requires shareholder approval, which will be decided at a general meeting on November 7, 2024.

 

[swift]

Sportradar AG and XLMedia Plc have agreed on a conditional deal for Sportradar to acquire XLMedia’s North American business for $30 million. The deal consists of a $20 million cash payment and a $10 million performance-based incentive. XLMedia has informed its investors, but the agreement still requires shareholder approval, which will be decided at a general meeting on November 7, 2024.

I think it indicates that Sportradar AG and XLMedia Plc have entered into an agreement for Sportradar to purchase XLMedia's North American business for a sum of $30 million, consisting of $20 million in cash and a $10 million performance-based incentive.