Global sports betting media group, Better Collective today announces the successful completion of its previously announced acquisition of leading US sports betting media platform, Action Network, Inc. ST shares, which are to be issued at a share price of Further, 10 mUSD of the cash payment will be paid on a deferred basis as settlement of certain existing share options in Action. This acquisition gives us a leading position within sports betting media in the US and a strong foundation for profiting from the continuous regulation of the US betting market. The announcement of the acquisition of Action from May 3, and the accompanying webcast is available at bettercollective. The newly issued shares are paid through a reinvestment of a part of the aggregate purchase consideration of mUSD mEUR. The share price in the issuance of The newly issued shares are subject to lock-up undertakings with durations ranging between 6 and 24 months. Nordea Bank will be providing financing to facilitate the closing of the transaction.
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