XL Media sells European and Canadian media assets to Gambling.com

Gambling.com Group has agreed to purchase XLMedia Plc's media assets for Europe and Canada in a legally binding deal, the company has announced to the markets.


Per the terms of the agreement, Gambling.com will pay up to $42.5 million for the acquisition of XLMedia's portfolio of European and Canadian markets, which includes a $37.5 million fixed payment and a possible $5.0 million earnout.

 

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XL Media has agreed to sell its European and Canadian media assets to Gambling.com for a total consideration of $31m. The assets to be sold include CasinoSource.co.uk, CasinoSource.ca, and Slotsource.de. As a result of the sale, XL Media will now focus on its US business