NetworkNewsBreaks – SEGG Media Corporation (NASDAQ: SEGG, LTRYW) Completes $61M Veloce Acquisition, Adding More Than $20M in Annual Revenue
SEGG Media (NASDAQ: SEGG, LTRYW) announced it has completed its previously disclosed acquisition of a controlling interest in Veloce Media Group, valuing Veloce at approximately $61 million (£45 million). The transaction, structured as a combination of cash and SEGG Media shares priced at $10 per share, is projected to contribute more than $20 million in additional annual revenue, which the Company will begin recognizing in the first quarter of this year. Management said the acquisition strengthens SEGG Media’s revenue base, expands its global digital media footprint and enhances cross-platform monetization opportunities across Sports.com, Concerts.com and related assets, while aligning stakeholders around long-term value…







