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M&A wave rises again, XLMedia announces plans to sell its North American business to Sportradar.

M&A wave rises again, XLMedia announces plans to sell its North American business to Sportradar.

Its subsidiary, XLMedia, has announced a conditional agreement to sell its North American business assets to Sportradar for up to $30 million.The deal includes a $20 million upfront payment and an additional $10 million due in April 2025, contingent on performance.The transaction is expected to be c

0like·0comment2024-10-24
Sportradar is ready to acquire the North American business of XLMedia.

Sportradar is ready to acquire the North American business of XLMedia.

XLMedia PLC announced on Monday (21) that it has entered into a conditional sale agreement of its North American businesses to Sportradar AG, turning the company into a 'cash shell' (those whose assets consist mostly or entirely of cash) upon completion. The contract, subject to shareholder approval

0like·0comment2024-10-21

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