Everysport Group completes divestment of media portfolio and receives initial purchase price
Everysport Group AB (publ) ("Everysport") has today completed the transaction with Better Collective A/S on the divestment of a media portfolio for a total of approximately SEK 44 million (EUR 3.7 million) in cash after all conditions in the transaction have been met. In connection, Everysport has received the initial purchase price of approximately SEK 22.4 million (EUR 1.9 million). The remaining share of approximately SEK 21.3 million (EUR 1.8) will be paid in two installments after six and 12 months from completion of the transaction on August 31, 2023.
On August 15, 2023, Everysport entered into an agreement with Better Collective A/S to divest a portfolio consisting of the brands and websites SvenskaFans, Hockeysverige, FotbollDirekt and Innebandymagazinet for a total purchase price of approximately SEK 44 million (EUR 3.7 million) in cash.
All conditions for the transaction, including regulatory approvals, have today been fulfilled. Thus, the transaction is completed and Everysport has received the initial part of the purchase price corresponding to approximately SEK 22.4 million (EUR 1.9 million).
The remaining part of the purchase price of approx. SEK 21.3 million (EUR 1.8) will be paid in two installments; approx. SEK 10.6 million (EUR 0.9 million) will be paid six months from the completion of the transaction on August 31, 2023 and approx. SEK 10.6 million (EUR 0.9 million) will be paid 12 months from completion.
For more information, please contact:
Hannes Andersson, CEO, Everysport Group AB, tel: +46 70 736 56 25,
e-mail: hannes.andersson@everysport.com
About Everysport Group
Everysport Group AB (publ) is a group operating in sports. Everysport is divided into two business areas: Everysport Media and Every Padel. Everysport Media owns and develops digital platforms and services in sports and Every Padel conducts facility operations in padel. The group has a total of about 110 employees. The head office is located in Stockholm, and the company also has offices in Norway and the US. The group is listed on the Spotlight Stock Market (EVERY).