May 19, 2025
Taylor Collison is pleased to have acted as Joint Lead Manager and Underwriter to betr Entertainment Limited (ASX:BBT) on its fully underwritten $130 million institutional placement and ANREO.
betr has proposed to acquire PointsBet (ASX:PBH) by way of Scheme of Arrangement with the capital raising proceeds being used to partially fund the 19.9% of PBH now acquired by BBT. The remaining capital will be utilised alongside debt and BBT scrip to fund the proposed acquisition where the combined entity would control~10% of the Australian wagering market as the clear #4 player.