The acquisition of CBWG is the first step in XLMedia's strategy of building out its digital media publishing business in the US and expanding in regulated markets. The acquisition should still leave the Group with positive net cash balances and trading profitably in 2020.
11 Dec 2020
Cenkos: XLMedia Plc - Building out US sports betting
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Cenkos: XLMedia Plc - Building out US sports betting
XLMedia Plc (XLM:LON) | 12.0 -0.1 (-4.2%) | Mkt Cap: 31.2m
- Published:
11 Dec 2020 -
Author:
Cavendish Research -
Pages:
5
The acquisition of CBWG is the first step in XLMedia's strategy of building out its digital media publishing business in the US and expanding in regulated markets. The acquisition should still leave the Group with positive net cash balances and trading profitably in 2020.