DLA Piper Canada advised FansUnite Entertainment on its US$58 million acquisition of American Affiliate
On November 22, 2021, FansUnite Entertainment Inc. (“FansUnite”) (CSE: FANS) (OTCQX: FUNFF) announced that it will acquire the businesses and brands of American Affiliate LLC (“American Affiliate”) for US$58 million. American Affiliate operates a collection of assets dedicated to generating customers for legal sportsbooks, online casinos, online poker sites, and adjacent products in the U.S. market.
DLA Piper Canada advised FansUnite on this transaction.
FansUnite is a global sports and entertainment company, focusing on technology related to regulated and lawful online gaming and other related products. The Transaction represents a significant milestone for FansUnite and will result in the company securing a podium position in the U.S. online betting opportunity.
You can read more about this transaction here.The DLA Piper Canada deal team in this transaction was led by Partners Denis Silva and Ryan Black and included Nahal Iranpour, Josh Sved, Caroline Yao, Ben Kaardal and Joe Furness.