Overview

• Fever finalized its acquisition of UK ticketing and discovery platform Dice on June 5, leveraging over $100 million in new equity from L Catterton and Point72 Private Investments.
• Dice, which has more than doubled ticket sales over the past two years and crossed 10 million monthly active users, will retain its standalone app features.
• Venue operators, artists and promoters on Dice gain access to Fever’s discovery engine and a global audience of 300 million users across 40 countries.
• The deal follows Dice’s recent notice of intent to appoint administrators after raising nearly $200 million since its 2014 founding.
• The acquisition comes as Britain’s live entertainment sector grapples with high costs, licensing burdens and widespread venue closures.