Better Collective buys Action Network for $240 million in a bid to expand its U.S. operations
Action Network brought in around $15 million in revenue last year, but is projecting $40 million in revenue this year.
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The Chernin Group is reportedly exploring a sale of Barstool Sports to a gambling operator, with talks in “advanced stages”
No deal has been signed yet, but it's interesting to see Chernin discussing selling at least part of their stake in Barstool.