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XLMedia PLC on Tuesday said it partially disposed of the group’s Personal Finance assets for $1.3 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. Copyright 2023 Alliance News Ltd. All Rights Reserved.
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