The Chernin Group is set to exit the sports betting news platform provider it extablished four years ago, in a $240m acquisition deal.
Action Network, a US-based sports betting news provider backed by over-the-top media company The Chernin Group, has agreed to a $240m acquisition by sports betting media group Better Collective.
Founded in 2017, Action Network provides news and analysis on betting across multiple sports. Its offering also includes podcasts, data, educational resources and betting tools.
The company will continue to operate under the Action Network brand as a separate business unit under Better Collective following the close of the deal.
The…
