RCS - XLMedia PLC - Acquisition of leading UK Bingo comparison site

XLMediaAnnouncement

16/04/2018 07:30

RNS Number : 9427K
XLMedia PLC
16 April 2018
 





RNS Reach


16 April 2018




 
 
 
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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