BlueBet agrees to acquire betr wagering business and raises A$20m
BlueBet said it had entered a binding asset sale agreement to acquire betr’s wagering business. It also announced a fully underwritten, two-tranche conditional placement targeting gross proceeds of approximately A$20 million at A$0.21 per share to support growth initiatives, synergy realisation and transaction costs.
The proposed acquisition and placement would fund stated initiatives, synergy realisation and transaction costs as BlueBet combines wagering businesses.