Sports Entertainment Group (ASX:SEG) has agreed terms to acquire the audio broadcasting assets of Racing and Wagering Western Australia (RWWA) for an undisclosed deal value, according to a Wednesday Australian bourse filing.
The company said the purchase price is not deemed to be materially price sensitive.
The acquisition, which remains subject to due diligence, is expected to be completed in November.
The company added that the deal is paired with a four-year content and marketing partnership with RWWA across the SEN national ecosystem, and a similar non-exclusive partnership with TABtouch in Western Australia.