Better Collective acquires a 5% minimum position of Catena Media

[The Buzz]

Better Collective announced on Wednesday that it has acquired a minimum position of 5% in competitor Catena Media. The news comes a few weeks after Catena Media announced it had appointed Carnegie Bank to advise on a potential sale of the company’s remaining assets.

Also, this week, GiG signed an agreement with Catena to acquire the casino affiliate websites Askgamblers.com, Johnslots.com, Newcasinos.com and several smaller domains.

The press release was brief and didn't go into much detail, saying simply:

Better Collective has announced to Catena Media that it has acquired a position of >5% in the company. Better Collective is satisfied with the position, and will not comment any further on the matter.

Read more here: https://storage.mfn.se/f191a25f-17b6...ena-media.pdf?

[freespinsnodeposit]

First signs of a takeover...

My impression is that Better Collective didn't want AskGamblers due to a high % of its revenue coming from unregulated markets, but were interested in the rest of the business, especially the US.