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XLMedia shares rise on TLV Media acquisition talks

10th February 2015 12:38 pm GMT

London-listed online gaming marketing firm XLMedia confirmed Tuesday that Tel Aviv-based advertising platform provider TLV Media is one of several prospective targets the company has identified to expand its business.

Commenting on recent press speculation regarding the potential acquisition of TLV Media for 50-100m Israeli Shekels (€11.3m to €22.7m), XLMedia said that it was in the evaluation stages of a few prospective targets, including TLV.

“Negotiations with TLV and others are in early stages, and there is [...]

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