XLMedia partially disposes Personal Finance assets for USD1.3 million

(Alliance News) - XLMedia PLC on Tuesday said it partially disposed of the group's Personal ...

Alliance News 30 May, 2023 | 4:12PM
Email Form Facebook Twitter LinkedIn RSS

(Alliance News) - XLMedia PLC on Tuesday said it partially disposed of the group's Personal Finance assets for USD1.3 million.

The Henley-on-Thames-based digital publisher said the disposal was in line with its strategy to exit non-core activities while focussing on its Sports and Gaming business, expanding its North American Sports footprint, while also refining and developing its EU Sports portfolio, and Gaming assets in selected markets, including the US.

It said cash generated from the disposal would be utilised in the day-to-day operations of the business.

The disposal includes domains and websites such as Investor Junkie, Greedy Rates and Young and Thifty owned by XLMedia Publishing Ltd and Webpals Systems SC Ltd, subsidiaries of XLMedia.

XLMedia said the process to sell the remaining Personal Finance assets is at an advanced stage, but there is no certainty that a transaction or transactions will complete.

It said it will update the market when appropriate.

Shares in XLMedia closed at 9.00 pence on Tuesday in London.

By Greg Rosenvinge, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

Email Form Facebook Twitter LinkedIn RSS

Securities Mentioned in Article

Security Name Price Change (%) Morningstar
Rating
XLMedia PLC

About Author

Alliance News

Alliance News provides Morningstar with continuously updating coverage of news affecting listed companies.

© Copyright 2025 Morningstar, Inc. All rights reserved.

Terms of Use        Privacy Policy        Modern Slavery Statement        Cookie Settings        Disclosures