Brief: Better Collective Says Co Acquires Leading Esports Platform HLTV.Org

Better Collective A/S

28/02/2020 17:25

Feb 28 (Reuters) - Better Collective A/S  BETCO.ST :
    * BETTER COLLECTIVE ACQUIRES LEADING ESPORTS PLATFORM
HLTV.ORG
    * CO HAS COMPLETED ACQUISITION OF HLTV.ORG APS FOR A TOTAL
PRICE
OF UP TO 34.5 MEUR (257 MDKK)
    * OUT OF TOTAL PURCHASE PRICE, 26.4 MEUR WILL BE PAID
UPFRONT, OF
WHICH 23.7 MEUR IN CASH AND SHARES OF BETTER COLLECTIVE A/S
    * BETTER COLLECTIVE WILL CONSOLIDATE ACQUIRED COMPANY INTO
BETTER
COLLECTIVE GROUP ACCOUNTS AS FROM MARCH 1, 2020
    * FOUNDERS OF HLTV.ORG APS WILL CONTINUE AS DAILY MANAGEMENT
FOR
AT LEAST THREE YEARS

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

 ((Reuters.Briefs@thomsonreuters.com;))