Sports Entertainment Group Limited (ASX:SEG) agreed to acquire 4KQ Brisbane Radio station and license from HT&E Limited (ASX:HT1) for AUD 12 million on May 5, 2022. The purchase price will be paid in cash, reflecting a transaction multiple of 11.9x normalized EBIT. The transaction is subject to approval by Australian Communications and Media Authority and is expected to close on or around July 1, 2022.