SEGG Media Corporation has completed its acquisition of a controlling interest in Veloce Media Group, with the transaction valuing Veloce at approximately $61 million. The deal was structured using a combination of cash and SEGG Media shares priced at $10 per share. This acquisition is projected to contribute more than $20 million in additional annual revenue to SEGG Media, with the company beginning to recognize this revenue in the first quarter of this year.
Management stated that the acquisition strengthens SEGG Media's revenue base and expands its global digital media footprint. The transaction enhances cross-platform monetization opportunities across key assets including Sports.com and Concerts.com. By consolidating Veloce's operating results into its reported financials, SEGG Media aims to align stakeholders around long-term value creation.
The acquisition represents a significant strategic move for SEGG Media as it continues to build its portfolio of digital assets focused on sports, entertainment and gaming. The company operates platforms including Sports.com, Concerts.com and Lottery.com, with a focus on immersive fan engagement, ethical gaming and AI-driven live experiences. This expansion through acquisition demonstrates SEGG Media's commitment to redefining how global audiences interact with digital content.
For investors seeking additional information about SEGG Media Corporation, the company maintains a newsroom available at http://ibn.fm/SEGG where updates and announcements are regularly posted. The completion of this acquisition marks a substantial development in SEGG Media's growth strategy, positioning the company to leverage Veloce Media Group's assets and revenue streams across its existing digital platforms.
The transaction's structure, combining cash and equity components, reflects a balanced approach to corporate expansion while maintaining shareholder value considerations. With the immediate addition of over $20 million in annual revenue, SEGG Media strengthens its financial position and expands its market presence in the competitive digital media landscape. This acquisition enables the company to enhance its service offerings and potentially reach new audience segments through Veloce's established media operations.
As digital media consumption continues to evolve globally, SEGG Media's strategic acquisition of Veloce Media Group positions the company to capitalize on emerging trends in sports, entertainment and gaming content delivery. The consolidation of Veloce's operations into SEGG Media's financial reporting provides greater transparency for investors and stakeholders while creating opportunities for operational synergies across the combined entity's digital assets.
