SEG completes RSN acquisition
Key points
- SEG acquires RSN brand and audio & digital broadcasting assets for $3.25 million
- Purchase price payable over three years, funded by SEG's cash reserves
- Acquisition expands SEG's sports entertainment and media capabilities
Full summary
Sports Entertainment Group Limited (SEG) is pleased to announce that it has completed the acquisition of the brand and audio & digital broadcasting assets of 3UZ Pty Ltd (RSN), for a total purchase price of $3.25 million. The acquisition will expand SEG's sports entertainment and media capabilities, allowing the company to leverage RSN's established brand and audio & digital broadcasting assets. The purchase price is payable over three years and will be funded by SEG's cash reserves. The acquisition has been approved by the Board of Directors and is expected to contribute to SEG's growth and profitability in the coming years.
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