Better Collective inks record acquisition with $240m Action Network deal

Copenhagen-based affiliate targets US revenue of more than $100m by 2022

Better Collective has acquired US sports betting media platform Action Network for $240m in the affiliate’s largest ever M&A deal. The acquisition will be completed via cash payment and a $12m issue of new Better Collective shares to Action Network management and key employees. The cash payment will be provided through bank financing, although $10m…

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