SEGG Media Corporation Expands in Motorsport with Veloce Investment and Quadrant Acquisition
July 18th, 2025 2:15 PM
By: Newsworthy Staff
SEGG Media Corporation strengthens its position in the digital motorsports media sector through a strategic investment in Veloce Media Group and the acquisition of Quadrant, signaling a significant push into high-growth areas.
SEGG Media Corporation (NASDAQ: SEGG, LTRYW) has detailed its strategic investment in Veloce Media Group, which includes Veloce's recent acquisition of Quadrant, a motorsport and content brand co-founded by Formula 1 driver Lando Norris. This move, funded by the initial part of SEGG's $7.59 million subscription agreement, grants SEGG a 12.4% stake in Veloce with the option to increase ownership to 51%. Veloce's reported $17.5 million in FY2024 revenue and 750 million monthly digital views, combined with Quadrant's strong brand equity and notable shareholders like Zak Brown and Adrian Newey, positions SEGG for dominance in the digital motorsports media space through its Sports.com division.
The acquisition and investment underscore SEGG's commitment to expanding its footprint in the sports and entertainment sectors, leveraging high-growth opportunities in digital media. For more details on the strategic moves, visit https://ibn.fm/lvCas.
Source Statement
This news article relied primarily on a press release disributed by InvestorBrandNetwork (IBN). You can read the source press release here,
