SEGG Media (NASDAQ: SEGG, LTRYW) announced that its subsidiary Sports.com Media Group Ltd has signed a Letter of Intent to acquire all assets of Racing Women Limited, the pioneering initiative supporting female drivers in motorsport. Under the agreement, Sports.com Media will acquire a 51% controlling stake in a new entity holding Racing Women’s assets at a $1 million valuation, with options to expand to full ownership. The acquisition includes Racing Women’s intellectual property and global rights, positioning the initiative as a core asset within SEGG Media’s motorsport expansion strategy. The move follows the inaugural Sports.com Nations Trophy at Donington Park, where eight Racing Women competitors represented seven nations and Austria’s Jorden Dolischka claimed the championship, securing a funded drive at the Radical Gulf Cup in Abu Dhabi this November.
To view the full press release, visit https://ibn.fm/bHF15
About SEGG Media Corporation
SEGG Media (NASDAQ: SEGG, LTRYW) is a global sports, entertainment and gaming group operating a portfolio of digital assets including Sports.com, Concerts.com and Lottery.com. Focused on immersive fan engagement, ethical gaming and AI-driven live experiences, SEGG Media is redefining how global audiences interact with the content they love.
NOTE TO INVESTORS: The latest news and updates relating to SEGG are available in the company’s newsroom at http://ibn.fm/SEGG
About InvestorWire
InvestorWire (“IW”) is a specialized communications platform with a focus on advanced wire-grade press release syndication for private and public companies and the investment community. It is one of 70+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, IW is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists and the general public. By cutting through the overload of information in today’s market, IW brings its clients unparalleled recognition and brand awareness. IW is where breaking news, insightful content and actionable information converge.
For more information, please visit https://www.InvestorWire.com
Please see full terms of use and disclaimers on the InvestorWire website applicable to all content provided by IW, wherever published or re-published: https://www.InvestorWire.com/Disclaimer
InvestorWire
Austin, Texas
www.InvestorWire.com
512.354.7000 Office
[email protected]
InvestorWire is powered by IBN