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.

Sports Entertainment Group Limited (ASX:SEG) completed the acquisition of 4KQ Brisbane Radio station and license from HT&E Limited (ASX:HT1) on July 1, 2022. David Holland of Hogan Lovells Sydney acted as legal advisor to HT&E Limited.