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 / Fiona Henson / Kate Rogucheva www.vigocomms.com
Tel: 020 7830 9703
Cenkos Securities plc (Nomad and Joint Broker) Camilla Hume / Mark Connelly www.cenkos.com
Tel: 020 7397 8900
Berenberg (Joint Broker) Chris Bowman / Mark Whitmore www.berenberg.com
Tel: 020 3207 7800
This information is provided by RNS
The company news service from the London Stock Exchange
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