GlobeNewswire·Feb 17, 2026, 1:58 PM ET

SEGG Media Closes $61M Veloce Acquisition, Adds $20M+ in Annual Revenue and Strengthens Revenue Base

SEGG Media completed its acquisition of a controlling interest in Veloce Media Group on February 17, 2026.
The transaction values Veloce at approximately $61 million (£45 million) through a combination of cash consideration and SEGG Media equity shares priced at $10 per share.
The deal is projected to add more than $20 million in annual revenue, which SEGG Media will recognize and report starting in the first quarter of 2026.
The acquisition represents a strategic inflection point for SEGG Media's transformation into a scaled global sports, entertainment, & gaming group.
Management believes the share price component of the deal reflects a belief that SEGG Media is currently undervalued by the market.
Combined assets include Veloce's global digital media platform alongside SEGG Media's existing assets such as Sports.com, Concerts.com, & Lottery.com.
Expected benefits for shareholders include immediate revenue scale, expanded international reach, cross-platform monetization opportunities, & a strengthened balance sheet.
SEGG Media's management has stated its immediate focus is on integration execution & maintaining operational discipline to leverage the increased revenue scale.