BRIEF-Endeavor Announces Management Buyout Of Openbet And Img Arena

reuters11-12

Nov 11 (Reuters) - Endeavor Group Holdings Inc EDR.N:

ENDEAVOR ANNOUNCES MANAGEMENT BUYOUT OF OPENBET AND IMG ARENA
ENDEAVOR GROUP HOLDINGS INC: PROPOSED DEAL FOR APPROXIMATELY $450 MILLION
ENDEAVOR: TO SELL OPENBET, IMG ARENA TO OB GLOBAL HOLDINGS LLC IN MANAGEMENT BUYOUT BACKED BY ARIEL EMANUEL WITH PARTICIPATION FROM EXECS OF OPENBET
ENDEAVOR GROUP HOLDINGS INC: DEAL FINANCED THROUGH A MIX OF CASH AND DEBT

Source text: ID:nBw7h366Ha

Further company coverage: EDR.N

((Reuters.Briefs@thomsonreuters.com;))

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