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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Xlmedia Plc | LSE:XLM | London | Ordinary Share | JE00BH6XDL31 | ORD USD0.000001 |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 12.25 | 12.00 | 12.50 | 12.25 | 12.25 | 12.25 | 722,428 | 08:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Advertising, Nec | 73.74M | -9.44M | -0.0359 | -3.41 | 32.17M |
From Apr 2019 to Apr 2024
TIDMXLM
RNS Number : 6475T
XLMedia PLC
05 July 2018
For immediate release 5 July 2018
XLMedia PLC
("XLMedia" or the "Group" or the "Company")
Acquisition of leading American personal finance website
XLMedia (AIM: XLM), a leading provider of digital performance marketing, is pleased to announce the acquisition of InvestorJunkie.com ("InvestorJunkie"), a leading US personal finance website, for a total cash consideration of US$5.8 million.
InvestorJunkie is a website focused on providing information and reviews of various investment channels and financial products, including banking, stock brokers, robo advisors, lending, retirement accounts and more. The acquisition is expected to complete in the second half of 2018.
The acquisition of InvestorJunkie both broadens the Company's North American footprint and strengthens its personal finance sector reach, a key growth vertical for the Group. InvestorJunkie will be integrated into XLMedia's propriety Palcon infrastructure, which will enable the Group to improve day to day performance of the site.
Ory Weihs, Chief Executive Officer of XLMedia, commented:
"We are delighted to announce the acquisition of InvestorJunkie, a very well known brand in North America. The U.S. 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."
For further information, please contact:
XLMedia plc Ory Weihs www.xlmedia.com Via Vigo Communications Vigo Communications Jeremy Garcia / Fiona Tel: 020 7390 0231 Henson / Kate Rogucheva www.vigocomms.com Cenkos Securities plc (Nomad and Joint Tel: 020 7397 8900 Broker) Camilla Hume / Mark Connelly www.cenkos.com Berenberg (Joint Broker) Chris Bowman Tel: 020 3207 7800 / Mark Whitmore www.berenberg.com
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
END
ACQUSSNRWVABRAR
(END) Dow Jones Newswires
July 05, 2018 02:00 ET (06:00 GMT)
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