SEGG Media Acquires Veloce for $61M, Adds $20M+ in Annual Revenue

SEGG Media has completed the acquisition of Veloce Media Group, a leading global sports, gaming, and digital media platform, for approximately $61 million. The acquisition is projected to contribute more than $20 million in additional annual revenue, significantly growing SEGG Media's revenue profile. The deal values Veloce at £45 million and was completed through a combination of cash consideration and SEGG Media equity. The acquisition is expected to strengthen SEGG Media's revenue base and improve its revenue-to-market-cap ratio, positioning it more comparably with scaled digital media and sports entertainment platforms.