Playmaker Capital Inc. enters into an agreement to be acquired by Better Collective A/S

Goodmans LLP acted for Playmaker Capital Inc. in connection with its agreement to be acquired by Better Collective A/S. 

Playmaker Capital Inc., the digital sports media company that delivers authentic content experiences through its portfolio of sports media brands, announced it has entered into a definitive agreement to be acquired by Better Collective A/S, a leading digital sports media group that owns and operates a number of global and national sports brands, including HLTV and Action Network, for total consideration of approximately EUR176 million.

Under the terms of the Agreement, Playmaker shareholders will receive CAD$0.70 for each Playmaker common share held. The consideration represents a 46% premium to Playmaker’s closing Common Share price on November 3, 2023 and a 44% premium to the 10-day volume-weighted average price per Common Share for the period ended on November 3, 2023, being the last trading day prior to the date of this announcement.

The transaction was effected by way of a court-approved plan of arrangement, subject to receipt of Playmaker shareholder and court approvals, a required regulatory approval and customary closing conditions. Completion of the transaction is not subject to any financing condition.