Better Collective set to acquire Playmaker Capital

(PRESS RELEASE) -- Playmaker Capital Inc., the digital sports media company that delivers authentic content experiences through its portfolio of sports media brands, is pleased to announce that it has received approval from the Minister of Canadian Heritage under the Investment Canada Act with respect to its previously announced plan of arrangement under the Business Corporations Act, pursuant to which Better Collective A/S has agreed to acquire all of Playmaker’s issued and outstanding common shares.

Playmaker is also pleased to announce that the Ontario Superior Court (Commercial List) issued a final order approving the Arrangement on 24 January 2024.

Following receipt of Heritage Approval and the Final Order, all conditions to closing of the Arrangement, as contained in the arrangement agreement between Playmaker and Better Collective dated 6 November 2023, as amended on 8 December 2023 have been satisfied or waived, save for those conditions to be satisfied as part of the closing process. The Arrangement is expected to close on 6 February 2024.