DLA Piper Canada advised Askott Entertainment in its acquisition by FansUnite Entertainment

FansUnite Entertainment Inc., a sports and entertainment company listed on the Canadian Stock Exchange, (”FansUnite”) ‎has completed its acquisition of Askott Entertainment Inc. (“Askott”). Askott is a Vancouver based software development company operating since 2013, which focuses on creating both B2B and B2C betting products in the rapidly growing ‎esports industry. The acquisition of Askott supports FansUnite’s vision to become a leading technology platform ‎that can serve a growing online gaming market and will allow them to provide customers with a broader range of betting options.

DLA Piper Canada is pleased to have ‎acted as legal advisors to Askott in connection with the acquisition by FansUnite and a concurrent brokered private placement, with a transaction value of $50 million.

You can read more about this transaction here.

The DLA Piper Canada deal team in this transaction was led by Partner Denis G. Silva and ‎included Michael Megali and Kevin Fritz (Tax).‎