Management group led by Ariel Emanuel buys OpenBet and IMG Arena from Endeavor for $450M.

Endeavor, the parent company of sports betting software firm OpenBet and IMG Arena, is selling these subsidiaries to a management-led group in a $450 million buyout. Led by Ariel Emanuel, the deal also involves OpenBet's CEO Jordan Levin and other executives under the new entity, OB Global Holdings LLC. The buyout aims to boost market expansion and product innovation.

November 11, 2024
14 Articles