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Announced

Victory Square-backed FansUnite to acquire Askott.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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gaming

Friendly

gaming platform

Merger

Acquisition

Private

Gaming

Pending

digital entertainment

Single Bidder

Canada

Synopsis

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Technology accelerator Victory Square-backed FansUnite Entertainment, a sports and entertainment company, agreed to acquire Askott Entertainment, a full-service development company that combines esports with the regulated iGaming space. Financial terms were not disclosed. "This merger with Askott will represent our most significant milestone to date and transform us into one of Canada’s leading gaming companies. With the addition of Askott, we will have a fully integrated gaming asset that offers multiple B2C platforms for users, B2B technology for all forms of sportsbooks, and a seasoned team of executives that have led and grown multiple organizations on a global scale,” Darius Eghdami, FansUnite CEO.

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