Better Collective completes acquisition of RotoGrinders with €33m deal
| By Daniel O'Boyle
Better Collective has completed its acquisition of US-based RotoGrinders Network, purchasing the remaining 40% stake in RotoGrinders for a total price of €33m ($38.1m/£28.2m).
This completes the acquisition of the fantasy sports and betting content brand, which began in 2019 when Better Collective purchased a 60% stake in RotoGrinders.
The majority of the acquisition price will be paid through €22m cash consideration. The remainder will be paid in shares or cash. Better Collective will transfer both payments no later than 31 December 2021, completing the acquisition before the end of the year.
Including the €18m paid in the 2019 deal, the total expected transaction price for 100% of RotoGrinders Network shares is €51m.