Online marketing company XLMedia acquired social gaming ExciteAd Digital Marketing (EDM) as part of its strategy as set out at its initial public offering (IPO) in March. The $19m take-over in cash and shares is expected to be immediately earnings enhancing, the company said on Monday. XLM said th
Read moreM&A fever was driving media stocks higher on Monday with sports rights owner Perform Group surging and broadcaster ITV on the rise. Perform, which commercialises multimedia sports content across digital platforms, saw its shares rise 26.5% after the company confirmed it had received a takeover bid
Read moreLONDON (Alliance News) - Digital marketing company XLMedia PLC Monday expressed confidence in seeing further growth in 2014, after it saw profit rise in 2013, its first set of results since floating on the AIM market in March. The company proposed a maiden dividend of USD0.02768 per share f
Read moreLONDON (Alliance News) - Digital marketing services XLMedia PLC started trading on London's AIM market Friday at a premium of more than 25% to its initial public offering price. XLMedia raised USD69.5 million in its IPO, which the company called "significantly" oversubscribed and which saw
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