XLMedia PLC (XLM.L) Key Developments | Reuters.com
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XLMedia PLC says acquisition of UK Sports Betting Website

Thursday, 14 Aug 2014 04:00am EDT 

XLMedia PLC:Agreed to acquire UK Sports betting website.Says for cash consideration of $6.72 mln (GBP 4 mln).Under purchase agreement, XLMedia will purchase domains and websites, including underlying content management system, social network accounts, and related intellectual property rights.Initial consideration, of $5.04 mln (GBP 3 mln) will be payable one month from closing, with the remainder payable 12 months from closing.Under terms of agreement, during initial six month period from closing, vendor will provide support, training and maintenance services as required for smooth migration. 

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11:19am EDT