SEGG Media Corporation (NASDAQ: SEGG, LTRYW) has completed a significant $10 million acquisition of technology assets and an active user base from GXR Racer Holdings Limited, marking its second acquisition in July. This strategic move is designed to merge GXR's innovative platform with the Sports.com app, culminating in the creation of the Sports.com Super App. This new platform is poised to become a comprehensive digital ecosystem for sports fans, offering a wide array of features including live streaming, community hubs, social statistics, e-commerce, gaming, and real-time translations.
The acquisition underscores SEGG Media's ambition to solidify its presence in the sports and entertainment media sector. Paul Roy, founder and CEO of GXR, will transition to a Director role within the newly formed entity, where he will spearhead the development and launch of the Super App. The global rollout of the Sports.com Super App is scheduled to commence in phases starting in the third quarter of 2025, representing a pivotal step in SEGG Media's strategy to offer a unified and immersive platform for sports enthusiasts around the globe.
Matthew McGahan, Chairman and CEO of SEGG Media, highlighted the acquisition's significance in furthering the company's objective to provide cutting-edge and captivating content to its audience. By incorporating GXR's technological assets and expansive user base, the Sports.com Super App is expected to redefine fan engagement, establishing a new benchmark for the digital sports and entertainment experience. For more insights into the acquisition and its potential impact on the future of sports media, visit https://ibn.fm/AqckL. Further details about SEGG Media Corporation and its digital assets can be found at http://ibn.fm/SEGG.
