Brief: Better Collective Acquires Futbin And Related Domains For EUR 105 Mln

Better Collective A/S

19/04/2022 08:13

April 19 (Reuters) - Better Collective A/S  BETCO.ST :
    * BETTER COLLECTIVE ACQUIRES GLOBALLY LEADING ESPORTS BRAND
FUTBIN
AND RELATED DOMAINS FOR UP TO 105 MEUR AND UPDATES ITS FINANCIAL
GUIDANCE
    * IN CONNECTION WITH ACQUISITION, BETTER COLLECTIVE UPDATES
ITS
FINANCIAL TARGETS FOR 2022
    * BETTER COLLECTIVE WILL CONSOLIDATE ACQUIRED ASSETS INTO
BETTER
COLLECTIVE GROUP ACCOUNTS AS FROM APRIL 19, 2022
    * OUT OF TOTAL PURCHASE PRICE, 70 MEUR WILL BE PAID UPFRONT
IN
CASH AND SHARES OF BETTER COLLECTIVE A/S WILL BE PAID AT A
MARKET VALUE OF 5 MEUR
    * NOW SEES FULL YEAR 2022 EBITDA AT  ABOUT 85 MEUR (PREVIOUS
APPROXIMATELY 80 MEUR)

Source text for Eikon:  ID:nMFN207sqv 
Further company coverage:  BETCO.ST 

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