XLMedia Explores Sale of Its Personal Finance Division

By Elena Vardon

XLMedia PLC said Thursday it is exploring the potential sale of all its personal finance assets as it restructures the division.

The UK digital publisher said it is in talks with potentially interested parties, adding there is no certainty that any offer will be made or what the terms might be.

The move is part of the group’s shift to prioritize resource allocation to its core activities, namely sports and gaming in North America and Europe, it said.

The personal finance business represented 2% of the group’s revenues in the first-half, it said in September when it reported $800,000 in revenue for the unit in six-month period, down from $6.6 million the previous half-year. XLMedia also guided for its full-year revenue to reach $1.5 million.

Shares at 0845 GMT fell 0.25 pence, or 1.6%, at 15.75.

Write to Elena Vardon at elena.vardon@wsj.com


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