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XLMedia Buys Personal Finance Site InvestorJunkie For USD6 Million

LONDON (Alliance News) - Marketing firm XLMedia PLC said Thursday it acquired US personal ...

Alliance News 5 July, 2018 | 11:39AM
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LONDON (Alliance News) - Marketing firm XLMedia PLC said Thursday it acquired US personal finance website InvestorJunkie.com for USD5.8 million cash.

InvestorJunkie provides information and reviews of financial products. After completion - expected in the second half of 2018 - InvestorJunkie will be integrated into its Palcon infrastructure which will help improve the day-to-day performance of the site.

"We are delighted to announce the acquisition of InvestorJunkie, a very well known brand in North America," XLMedia Chief Executive Officer Ory Weihs said. "The US personal finance market is a key growth market for our business, and this latest acquisition reaffirms our commitment to further diversify our revenue base."

"We are continuing to build a strong foothold in the North American market and look forward to accelerating our growth strategy to further leverage both our skillset and technology platform in what is a relatively nascent sector," Weihs added.

Shares in XLMedia were 2.5% higher at 104.00 pence on Thursday.

By Ahren Lester; ahrenlester@alliancenews.com

Copyright 2018 Alliance News Limited. All Rights Reserved.

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Securities Mentioned in Article

Security Name Price Change (%) Morningstar
Rating
XLMedia PLC 73.75 GBX -1.34 -

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