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XLMedia acquires Finnish gambling affiliate sites for €15m

16th January 2018 6:49 am GMT
XLMedia

London-listed digital performance marketing specialist XLMedia has agreed to acquire a number of Finnish gambling affiliate sites from Good Game for a total cash consideration of up to €15m.

The business comprises a network of gambling related websites that have been active since 2009.

For the 12 months period ended November 30th, the websites generated revenue of €1.66m, with an EBITDA margin of at least 75 per cent.

The acquisition is expected to complete during the first quarter of [...]

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