XLMedia exploring sale of personal finance assets

15th Dec 2022 15:06

(Sharecast News) - Digital media company XLMedia announced on Thursday that it was restructuring its personal finance division, and was exploring the potential sale of all personal finance assets.

The AIM-traded firm said the process was currently underway, adding that it was engaging with a number of potentially interested parties, though there could be no certainty that any offer would be received, nor as to the terms on which any offer could be made.

"These actions reflect the company's decision to prioritise resource allocation to its core activities and remain focused on fully capturing the North America market opportunity in sports and gaming while also rebuilding its European sports and gaming operations to seek maximum value for shareholders," the board explained.

At 1537 GMT, shares in XLMedia were down 0.44% at 15.93p.

Reporting by Josh White for Sharecast.com.