(Total Views: 49)
Posted On: 07/31/2025 4:26:42 PM
Post# of 65
NetworkNewsBreaks – SEGG Media Corporation (NASDAQ: SEGG, LTRYW) Completes $10 Million Acquisition of GXR Technology Assets and 1 Million-User Base
SEGG Media (NASDAQ: SEGG, LTRYW), owner of Sports.com, Concerts.com and Lottery.com, has completed a $10 million acquisition of the technology assets and active user base of more than 1 million from GXR Racer Holdings Limited, marking its second acquisition in July. The integration of GXR’s platform with the Sports.com app will create the Sports.com Super App, an all-in-one digital ecosystem for sports fans featuring live streaming, community hubs, social stats, e-commerce, gaming and real-time translations. Paul Roy, GXR Founder and CEO, will join as a Director of the newly formed entity overseeing the Super App, which is slated for a phased global launch beginning Q3 2025. SEGG Media Chairman and CEO Matthew McGahan said the deal advances the company’s goal to deliver a unified, immersive sports and entertainment media platform, with the Sports.com Super App aiming to capture the full spectrum of fan engagement.
NOTE TO INVESTORS: The latest news and updates relating to SEGG are available in the company’s newsroom at http://nnw.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), owner of Sports.com, Concerts.com and Lottery.com, has completed a $10 million acquisition of the technology assets and active user base of more than 1 million from GXR Racer Holdings Limited, marking its second acquisition in July. The integration of GXR’s platform with the Sports.com app will create the Sports.com Super App, an all-in-one digital ecosystem for sports fans featuring live streaming, community hubs, social stats, e-commerce, gaming and real-time translations. Paul Roy, GXR Founder and CEO, will join as a Director of the newly formed entity overseeing the Super App, which is slated for a phased global launch beginning Q3 2025. SEGG Media Chairman and CEO Matthew McGahan said the deal advances the company’s goal to deliver a unified, immersive sports and entertainment media platform, with the Sports.com Super App aiming to capture the full spectrum of fan engagement.
NOTE TO INVESTORS: The latest news and updates relating to SEGG are available in the company’s newsroom at http://nnw.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
(0)
(0)
