FansUnite Entertainment, Inc. (TSE:FANS) has released an update.
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FansUnite Entertainment Inc. has struck a definitive agreement to sell its subsidiary, FansUS, which operates the Betting Hero business, for an estimated net of US$20 million in proceeds. Shareholders can anticipate a significant return of capital, estimated between C$0.065 to C$0.075 per share, as the deal closes around August 15, 2024. The Board, after thorough advisement, has endorsed the transaction as the optimal route for shareholder value and liquidity.
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