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Posted On: 07/17/2025 4:26:14 PM
Post# of 52
NetworkNewsBreaks – SEGG Media Corporation (NASDAQ: SEGG, LTR YW) Invests in Veloce Media Group to Accelerate Sports.com Expansion
SEGG Media (NASDAQ: SEGG, LTRYW), has made a strategic investment in Veloce Media Group, a leading digital motorsports and gaming platform, as part of its buy-and-build strategy under the Sports.com brand. The £40 million ($53 million USD) pre-money deal will be executed in two tranches, with SEGG holding a call option to acquire a 51% stake. Veloce, which recently acquired Lando Norris–backed Quadrant, reported $17.5 million USD in revenue for the fiscal year ended March 2025 and attracts over 750 million monthly views. The investment strengthens SEGG’s position in immersive sports content and motorsports media while targeting Gen-Z and millennial fans globally.
NOTE TO INVESTORS: The latest news and updates relating to SEGG are available in the company’s newsroom at http://ibn.fm/SEGG
Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or republished: http://NNW.fm/Disclaimer
SEGG Media (NASDAQ: SEGG, LTRYW), has made a strategic investment in Veloce Media Group, a leading digital motorsports and gaming platform, as part of its buy-and-build strategy under the Sports.com brand. The £40 million ($53 million USD) pre-money deal will be executed in two tranches, with SEGG holding a call option to acquire a 51% stake. Veloce, which recently acquired Lando Norris–backed Quadrant, reported $17.5 million USD in revenue for the fiscal year ended March 2025 and attracts over 750 million monthly views. The investment strengthens SEGG’s position in immersive sports content and motorsports media while targeting Gen-Z and millennial fans globally.
NOTE TO INVESTORS: The latest news and updates relating to SEGG are available in the company’s newsroom at http://ibn.fm/SEGG
Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or republished: http://NNW.fm/Disclaimer
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