XLMedia PLC Acquisition of leading UK Bingo comparison site
April 16 2018 - 2:25AM
RNS Non-Regulatory
TIDMXLM
XLMedia PLC
16 April 2018
RNS Reach 16 April 2018
XLMedia PLC
("XLMedia" or the "Group" or the "Company")
Acquisition of leading UK Bingo comparison site
XLMedia (AIM: XLM), a leading provider of digital performance
marketing, is pleased to announce the acquisition of
WhichBingo.co.uk ("WhichBingo"), one of the leading online
informational portals and comparison sites for online bingo games
in the UK (the "Acquisition").
Founded in 2000, WhichBingo, is an award-winning bingo review
website. The site provides in-depth information on the entire UK
bingo market, publishing thousands of real player reviews,
alongside its own opinion, covering every brand operating across
the UK online bingo sector. More recently, WhichBingo has expanded
its product reach to include additional gambling content including
online slots and casino content.
The Acquisition represents a further addition to the Group's
website portfolio, and in particular in the fully regulated UK
market. The Acquisition will benefit from increased scale through
the full integration into XLMedia, which is expected to be
completed within the second half of 2018.
Ory Weihs, Chief Executive Officer of XLMedia, commented:
"We are delighted to have acquired such a well-regarded UK
brand. WhichBingo fits perfectly into our strategy of acquiring
high quality assets across regulated markets.
"We continue to see a healthy pipeline of acquisition
opportunities as we seek to both strengthen and broaden our market
reach during 2018."
For further information, contact:
XLMedia plc Ory Weihs www.xlmedia.com Tel: 020 8817 5283
Vigo Communications Jeremy Garcia Tel: 020 7830 9703
/ Fiona Henson / Kate Rogucheva
www.vigocomms.com
Cenkos Securities plc (Nomad Tel: 020 7397 8900
and Joint Broker) Camilla Hume
/ Mark Connelly www.cenkos.com
Berenberg (Joint Broker) Chris Tel: 020 3207 7800
Bowman / Mark Whitmore www.berenberg.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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April 16, 2018 02:25 ET (06:25 GMT)
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