M&A

XLMedia share price soars on US sports betting acquisition

Jersey-based affiliate firm seals initial $12m buyout of CBWG Sports and online assets including BetNewJersey domain

XLMedia’s share price jumped more than 10% in early trading after the firm agreed a major cash plus shares deal in the US to acquire the sports betting and gaming business of CBWG Sports. Formed in 2020 via a combination of CB Sports and Warwick Gaming, CBWG is a digital media publishing group based in…

Affiliates | CBWG Sports | M&A | New Jersey | US | US sports betting | XLMedia

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