Better Collective completed the acquisition of Action Network from The Chernin Group for $240m.

Better Collective, sports betting media group, completed the acquisition of Action Network, a digital platform for sports betting, The Chernin Group, a private equity firm, for $240m. “With Better Collective’s experience and capabilities, we have the resources to continue growing our already leading sports betting product and media business, in order to ultimately enhance the betting and entertainment experience for sports fans in the US. I’m pleased that Action now officially joins the Better Collective Group and look very much forward to the journey ahead," Patrick Keane, Action Network CEO.