SEGG Media Corporation Expands Digital Ecosystem with $10 Million Acquisition of GXR Technology

SEGG Media Corporation (NASDAQ: SEGG, LTRYW), a global sports, entertainment, and gaming group, has finalized a $10 million acquisition of technology assets and an active user base exceeding 1 million from GXR Racer Holdings Limited. This strategic move, marking SEGG's second acquisition in July, is set to enhance the Sports.com app by integrating GXR's platform, thereby creating the Sports.com Super App. This all-in-one digital ecosystem promises to offer sports fans a comprehensive suite of features including live streaming, community hubs, social stats, e-commerce, gaming, and real-time translations.

The acquisition not only signifies SEGG Media's commitment to delivering a unified, immersive sports and entertainment media platform but also introduces Paul Roy, GXR Founder and CEO, as a Director of the newly formed entity overseeing the Super App. The app is expected to launch globally in phases starting Q3 2025, aiming to capture the full spectrum of fan engagement. Matthew McGahan, SEGG Media Chairman and CEO, emphasized the deal's role in advancing the company's vision for a more connected and engaging digital sports experience.

For further details on the acquisition and the future of the Sports.com Super App, visit https://ibn.fm/AqckL. This development underscores the growing trend of digital platforms seeking to consolidate various aspects of fan engagement into single, seamless ecosystems, potentially setting a new standard for how sports content is consumed and interacted with worldwide.