Brief: Better Collective Acquires Danish Sports Media Tipsbladet.Dk

Better Collective A/S

18/09/2023 07:07

Sept 18 (Reuters) - Better Collective A/S  BETCO.ST :
    * BETTER COLLECTIVE ACQUIRES DANISH SPORTS MEDIA
TIPSBLADET.DK
    * STRENGTHENS POSITION IN DENMARK THROUGH STRATEGIC
ACQUISITION OF
TIPSBLADET.DK, A LEADING SOCCER MEDIA
    * BETTER COLLECTIVE ACQUIRES TIPSBLADET.DK FOR EUR 6.5 MLN
    * ON A CASH AND DEBT FREE BASIS PAID IN THREE INSTALLMENTS
AND
WILL BE FINANCED WITH CASH
    * ESTIMATES THAT POST SYNERGY 2024 EBITDA MULTIPLE WILL BE
BELOW
5X
    * 2023 FINANCIAL TARGETS REMAIN UNCHANGED FOLLOWING
ACQUISITION

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