Brief: Better Collective Acquires Playmaker HQ For Up To USD 54 Mln

Better Collective A/S

03/07/2023 13:36

July 3 (Reuters) - American Sports Development Group Inc
 ASDEV.UL :
    * ACQUIRES PLAYMAKER HQ FOR A TOTAL CONSIDERATION OF UP TO
54
MUSD, 15 MUSD OF WHICH WILL BE UPFRONT
    * ACQUISITION WILL BE CONDUCTED AS AN ASSET PURCHASE MEANING
THAT
BETTER COLLECTIVE EXPECTEDLY WILL BENEFIT FROM CERTAIN TAX
DEDUCTIONS RELATED TO ACQUISITION PRICE
    * WILL CONSOLIDATE PLAYMAKER HQ INTO ITS ACCOUNTS EFFECTIVE
JULY
3, 2023
    * GROUP'S 2023 FINANCIAL TARGETS WILL REMAIN UNCHANGED
    * TRANSACTION WILL BE FUNDED BY CASH, WITH OPTIONALITY TO
PAY SOME
OF EARN OUT IN BETTER COLLECTIVE SHARES

Source text for Eikon:  ID:nMFN6ftSQJ 
Further company coverage:  ASDEV.UL 

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