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Sports Entertainment Group Limited (ASX:SEG)

ALERT: Price-sensitive ASX Announcement for SEG
Current share price for SEG : $0.285 -0.06 (-17.39%)+
Announcement
Release
1 Sep 2025 5:00PM
Price at Release
$0.345
Full Release
download
Summary
Sports Entertainment Group Limited (SEG) has completed the acquisition of the brand and audio & digital broadcasting assets of 3UZ Pty Ltd (RSN) for a total of $3.25 million. The purchase, which will be funded by SEG's cash reserves and paid over three years, marks a significant expansion in SEG's broadcasting capabilities. This strategic acquisition was approved by the SEG Board and announced on 1 September 2025.
Key Points
  • SEG completed the acquisition of RSN for $3.25 million.
  • The purchase price will be paid over three years using SEG's cash reserves.
  • The acquisition includes the brand and audio & digital broadcasting assets of 3UZ Pty Ltd.
  • The acquisition was approved for release by the Board of SEG.
  • The announcement was made on 1 September 2025.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.