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Sports Entertainment Group Limited ( (AU:SEG) ) has shared an announcement.
Sports Entertainment Group Limited (SEG) has announced its acquisition of the brand and broadcasting assets of 3UZ Pty Ltd (RSN), positioning itself as the sole dedicated broadcaster of racing in Victoria across all three codes. This strategic move, funded by SEG’s cash reserves, is expected to be earnings accretive by FY26 and aligns with the company’s growth strategy, enhancing its audio and digital ecosystem while preserving RSN’s legacy. The acquisition, which is subject to customary conditions, will also see SEG providing RSN programming on simulcast to racing.com, further expanding its reach and impact in the racing industry.
More about Sports Entertainment Group Limited
Sports Entertainment Group Limited (SEG) operates in the sports and entertainment industry, focusing on audio and digital broadcasting services. The company is known for its commitment to delivering innovative and engaging content, particularly in the racing sector, and has established partnerships to enhance its market presence.
Average Trading Volume: 11,014
Technical Sentiment Signal: Buy
Current Market Cap: A$80.46M
For detailed information about SEG stock, go to TipRanks’ Stock Analysis page.