TinyGemsBreaks – SEGG Media Corporation (NASDAQ: SEGG, LTRYW) Signs LOI to Acquire Racing Women Assets, Expand Into Women’s Motorsport
SEGG Media (NASDAQ: SEGG, LTRYW) announced that its subsidiary Sports.com Media Group Ltd has signed a Letter of Intent to acquire all assets of Racing Women Limited, the pioneering initiative supporting female drivers in motorsport. Under the agreement, Sports.com Media will acquire a 51% controlling stake in a new entity holding Racing Women’s assets at a $1 million valuation, with options to expand to full ownership. The acquisition includes Racing Women’s intellectual property and global rights, positioning the initiative as a core asset within SEGG Media’s motorsport expansion strategy. The move follows the inaugural Sports.com Nations Trophy at Donington Park,…