Ashurst advises XLMedia PLC on sale of North America business to Sportradar AG
22 October 2024
Global law firm Ashurst has advised XLMedia PLC on the sale of its North America business to Sportradar AG.
XLMedia is a sports digital media company. Sportradar AG is a wholly owned subsidiary of Sportradar Group AG, a global sports technology company creating immersive experiences for sports fans and bettors.
Following completion, XLMedia will become an AIM Rule 15 Cash Shell focused solely on the distribution of proceeds to shareholders from the North America disposal and the previously announced sale of the company's Europe and Canada assets.
The Ashurst team was led by partners Karen Davies and Markjan van Schaardenburgh. The wider team included senior associates Dan Hobbs and Maria McAlister, and associates Vienna Linley and Millie Gibbs. Partner Patricia Allen advised on tax matters.
