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).
Where the legal industry reads first.
Enjoyed this article? Get the biggest legal industry updates, deals, appointments, insights and expert interviews in your inbox, free.
No spam. Unsubscribe anytime.From Legal Desire
Is your firm the one being cited, or the one being skipped?
We ran the test. On several everyday legal questions, software companies are answering and law firms are not. We help firms fix that, and we build the technology behind the practice.
Lawyers and firms: get featured on Legal Desire
Share your deals, lateral moves, firm news and insights with 1M+ monthly readers: founders, law firm partners, general counsel and practising lawyers across the US, UK, EU and GCC.
Get featuredSubmit a press releaseThe advising firms, the named deal team, the value and the parties, with every other announced deal by the same firms and lawyers. Open the deal record
