M&A

FansUnite targets accelerated US entry with American Affiliate acquisition

New market entrant looks to “podium position” with transformative deal for Chris Grove-led affiliate operator

FansUnite has agreed a $58.2m cash plus shares deal to acquire American Affiliate as part of a wider springboard into the highly competitive US market. The purchase consideration includes $13.5m to be paid in cash on completion, together with $41.7m worth of common shares in FansUnite and deferred cash payments of $3m payable in 24…

American Affiliate | Chris Grove | Daily fantasy sports | FansUnite | M&A | Sports betting | US

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