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Endeavor Selling OpenBet and IMG Arena Sports-Gaming Units in $450 Million Management Buyout Backed by Ari Emanuel
Endeavor agreed to sell OpenBet and IMG Arena in a $450 million management buyout backed by Endeavor CEO Ari Emanuel.
Under the terms of the transaction, OB Global Holdings LLC will acquire OpenBet and IMG Arena for approximately $450 million, financed through a mix of cash and debt. 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.” It positioned OpenBet as augmenting its IMG Arena business, which works with sportsbook brands to provide official livestreaming video and data feeds for thousands of events annually.
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