Aurora Acquisition / Better 2021
Aurora Acquisition Corp. acquired Better for $6.9B on May 11, 2021.
- Target
- Better
- Acquirer
- Aurora Acquisition Corp.
- Deal value
- $6.9B
- Announced
- May 11, 2021
- Sub-sector
- Mortgage Tech
Transaction overview
- Aurora Acquisition Corp. announced the acquisition of Better on May 11, 2021 for $6.9B.
- The deal is expected to close pending customary conditions.
Strategic rationale
SPAC merger to take digital mortgage platform public with $1.5B capital injection to accelerate product innovation and B2B expansion.
Deal terms & multiples
Frequently asked questions
How much did Aurora Acquisition Corp. pay for Better?
Aurora Acquisition Corp. acquired Better for $6.9B, announced on May 11, 2021.
When did Aurora Acquisition Corp. announce the acquisition of Better?
Aurora Acquisition Corp. announced the acquisition of Better on May 11, 2021.
What sub-sector is Better in?
Better is tracked in the Mortgage Tech sub-sector.
Sources
- itbusinessnet.com /2021/12/correcting-replacing-digital-homeownership-platform-better-announces-up-to-1-5-billion-in-bridge-financing-and-convertible-notes-with-aurora-acquisition-corp-novator-capital-aurora-sponsor-and/