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XL Media to issue new shares as acquisitions continue

18th March 2021 9:15 am GMT

Shares in iGaming affiliate XL Media were trading lower in London early Thursday as the company revealed plans for an £18.5m acquisition and the placing of new shares.

XL Media has entered into an agreement to acquire US-focused sports betting affiliate website Sports Betting Dime for a total consideration of $26.0m (£18.5m) in an effort to accelerate growth in regulated sports betting markets in the United States.

The company has also proposed to issue 50m new ordinary [...]

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