XLMedia acquires gaming company following its IPO's strategy

1st Sep 2014 16:43

Online marketing company XLMedia acquired social gaming ExciteAd Digital Marketing (EDM) as part of its strategy as set out at its initial public offering (IPO) in March. The $19m take-over in cash and shares is expected to be immediately earnings enhancing, the company said on Monday. XLM said th

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Sector movers: M&A lifts media stocks as Perform and ITV rise

1st Sep 2014 14:36

M&A fever was driving media stocks higher on Monday with sports rights owner Perform Group surging and broadcaster ITV on the rise. Perform, which commercialises multimedia sports content across digital platforms, saw its shares rise 26.5% after the company confirmed it had received a takeover bid

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