Aquisitions/Mergers
ENDEAVOR ANNOUNCES MANAGEMENT BUYOUT OF OPENBET AND IMG ARENA

Endeavor Group Holdings, Inc., a global sports and entertainment company, today announced that it has agreed to sell OpenBet and IMG ARENA to OB Global Holdings LLC in a management buyout backed by Ariel Emanuel with participation from executives of OpenBet, including CEO Jordan Levin.
Levin said: “This management buyout allows us to continue executing our vision for increased market expansion and product innovation. Our group is extremely confident in OpenBet’s future considering the premium product offering, superior talent, and solid foundation we already have in place following a strong period of business growth.â€
Under the terms of the transaction, OB Global Holdings will acquire the businesses for approximately $450 million, subject to certain adjustments, financed through a mix of cash and debt.
During the sign-to-close period and after closing, Endeavor will continue to market IMG ARENA for sale to a third-party purchaser.
OpenBet powers responsible betting and gaming entertainment for more than 200 market leading operators around the globe. Following close of the transaction, Levin will continue to lead the business as CEO.
The transaction is being pursued, and is a necessary step, for the closing of the proposed Endeavor take-private by Silver Lake. The transaction is subject to customary closing conditions, including approvals required under applicable gaming regulatory authority, and is conditioned on and expected to close immediately prior to the closing of the Endeavor take-private.
Oakvale Capital LLP and The Raine Group acted as financial advisors to Endeavor.
-
Asia4 days ago
Esports World Cup Foundation Announces Strategic Partnership with Tencent
-
Asia4 days ago
88 Games announces debut title ‘Kapih’; set to bring Indian folklore to global gaming landscape on console and PC
-
Compliance Updates4 days ago
ESIC Implemented its Anti-doping Testing Programme at IEM Katowice 2025
-
Asia4 days ago
Maths teacher by day, gamer by night: 54 year-old Rakesh Sharma shatters stereotypes
-
Compliance Updates4 days ago
Swintt’s certified games ready to enter the Greek market
-
Asia4 days ago
Angel Group Completes Implementation of Smart Table Systems at Sands China Properties in Macao
-
Africa3 days ago
Gamanza Games goes wild in South Africa with 10bet launch
-
Gambling in the USA3 days ago
Gaming Americas Weekly Roundup – February 10-16