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).
