Endeavor Completes Sale of OpenBet to OB Global in Management Buyout

MT Newswires Live03-24

Endeavor Group (EDR) has completed its sale of OpenBet to OB Global in a management buyout backed by Endeavor Chief Executive Ariel Emanuel and OpenBet executives including Chief Executive Jordan Levin, the companies said Monday.

Financial terms were not disclosed.

Levin will retain his post at the online gambling platform, the companies said.

OpenBet plans to increase its Brazil presence and boost its position in the lottery sector, the companies said.

In a separate March 19 transaction, Endeavor said it agreed to sell IMG ARENA, its sports betting data business operating under OpenBet, to Sportradar (SRAD) in a deal expected to close in Q4, the companies said.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2521415749?lang=en_US&edition=full_marsco","thumbnail":"","is_english":true,"pubTime":"2025-03-24 19:20","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2521415749","market":"hk","top_or_hot":-1,"title":"Endeavor Completes Sale of OpenBet to OB Global in Management Buyout","media":"MT Newswires Live","content":"<html><body><p> Endeavor Group (EDR) has completed its sale of OpenBet to OB Global in a management buyout backed by Endeavor Chief Executive Ariel Emanuel and OpenBet executives including Chief Executive Jordan Levin, the companies said Monday.</p><p>Financial terms were not disclosed.</p><p>Levin will retain his post at the online gambling platform, the companies said.</p><p>OpenBet plans to increase its Brazil presence and boost its position in the lottery sector, the companies said.</p><p>In a separate March 19 transaction, Endeavor said it agreed to sell IMG ARENA, its sports betting data business operating under OpenBet, to Sportradar (SRAD) in a deal expected to close in Q4, the companies said.</p></body></html>","source":"mtnewswires_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Endeavor Completes Sale of OpenBet to OB Global in Management Buyout</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nEndeavor Completes Sale of OpenBet to OB Global in Management Buyout\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1092851196\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">MT Newswires Live </p>\n<p class=\"h-time\">2025-03-24 19:20</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p> Endeavor Group (EDR) has completed its sale of OpenBet to OB Global in a management buyout backed by Endeavor Chief Executive Ariel Emanuel and OpenBet executives including Chief Executive Jordan Levin, the companies said Monday.</p><p>Financial terms were not disclosed.</p><p>Levin will retain his post at the online gambling platform, the companies said.</p><p>OpenBet plans to increase its Brazil presence and boost its position in the lottery sector, the companies said.</p><p>In a separate March 19 transaction, Endeavor said it agreed to sell IMG ARENA, its sports betting data business operating under OpenBet, to Sportradar (SRAD) in a deal expected to close in Q4, the companies said.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"SRAD","symbol_name":"Sportradar Group AG","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2521415749","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2521415749","pubTimestamp":1742815208,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. Better news, better service, better price.","home_visible":1,"id":"1092851196","head_image":"https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e"},"summary":"Endeavor Group  has completed its sale of OpenBet to OB Global in a management buyout backed by Endeavor Chief Executive Ariel Emanuel and OpenBet executives including Chief Executive Jordan Levin, the companies said Monday.Financial terms were not disclosed.Levin will retain his post at the online gambling platform, the companies said.OpenBet plans to increase its Brazil presence and boost its position in the lottery sector, the companies said.In a separate March 19 transaction, Endeavor said it agreed to sell IMG ARENA, its sports betting data business operating under OpenBet, to Sportradar  in a deal expected to close in Q4, the companies said.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"SRAD":"Sportradar Group AG","OB":"Outbrain Inc.","BK4077":"互动媒体与服务","BK4108":"电影和娱乐","BK4539":"次新股","EDR":"奋进集团","LU1878469433.USD":"THREADNEEDLE (LUX) - AMERICAN SMALLER COMPANIES \"A\" (USD) ACC","BK4551":"寇图资本持仓","BK4150":"赌场与赌博","BK4535":"淡马锡持仓"},"translate_title":"Endeavor通过管理层收购完成将OpenBet出售给OB Global","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"EDR":0.9,"OB":1,"SRAD":0.9},"content_text":"Endeavor Group (EDR) has completed its sale of OpenBet to OB Global in a management buyout backed by Endeavor Chief Executive Ariel Emanuel and OpenBet executives including Chief Executive Jordan Levin, the companies said Monday.Financial terms were not disclosed.Levin will retain his post at the online gambling platform, the companies said.OpenBet plans to increase its Brazil presence and boost its position in the lottery sector, the companies said.In a separate March 19 transaction, Endeavor said it agreed to sell IMG ARENA, its sports betting data business operating under OpenBet, to Sportradar (SRAD) in a deal expected to close in Q4, the companies said.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"corporation,merge","news_rank":0,"symbols":[],"gpt_button":1,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.33.2","shortVersion":"4.33.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2521415749"}