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Business
March 24, 2025
Endeavor Announces Management Buyout of OpenBet and IMG ARENA
Endeavor Group Holdings, Inc., a global sports and entertainment powerhouse, announced the sale of OpenBet and IMG ARENA to OB Global Holdings LLC in a management buyout. The transaction, backed by Endeavor chief executive Ariel Emanuel, OpenBet CEO Jordan Levin, and other top executives, could significantly shake up the sector and position the companies for […]
Business
November 12, 2024
Endeavor Confirms Buyout of OpenBet and IMG Arena by OB Global Holdings
The global sports and entertainment company, Endeavor Group Holdings, announced Monday it reached an agreement to sell OpenBet and IMG Arena to OB Global Holdings LLC. Details regarding the strategic business transaction emerged on Monday. The Management Buyout Is Backed by Key Execs The transaction has a price tag of $450 million. Endeavor confirmed that […]
Business
September 11, 2024
Endeavor Putting OpenBet and IMG Arena for Sale
Endeavor, a talent and media holding form, has confirmed that it will be divesting OpenBet and IMG Arena, and is attempting to sell the assets. This process began during the second quarter and the search for a buyer is ongoing. Oakvale Capital, a top iGaming M&A firm, is facilitating the search for potential buyers. As […]
Business
April 3, 2024
Silver Lake to Acquire Endeavor Group Holdings
The global sports and entertainment company, Endeavor Group Holdings, announced it has agreed to be acquired by the leading technology investor, Silver Lake. Announced Tuesday, the new acquisition will see Silver Lake pay $27.50 per share in cash for Endeavor. This price represents a 55% premium of the company’s unaffected share price as well as […]
Business
July 1, 2022
Light & Wonder Reduces Sale Price of OpenBet by $400M
Light & Wonder has issued an update on the sale of its OpenBet platform to Endeavor Operating Company, LLC and Endeavor Group Holdings, Inc. According to the update, the company has agreed to sell the platform for $400 million less than the original amount after the companies entered into an amendment to their definitive purchase […]
Business
September 28, 2021
Endeavor Reinforces Sports Betting Offering with OpenBet Acquisition
Global sports and entertainment firm Endeavor Group Holdings is moving in on OpenBet, a leading content platform and service provider for the sports betting industry owned by Scientific Games Corporation. Endeavor and SG have come to an agreement for the sale of the platform that will now be transferred to the former for the amount total of $1.2 billion. […]
