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Endeavor to sell OpenBet and IMG Arena for $450 million as part of strategic reshuffle

Endeavor to sell OpenBet and IMG Arena for $450 million as part of strategic reshuffle

Endeavor has agreed to sell its OpenBet and IMG Arena businesses to OB Global Holdings in a management buyout (MBO) valued at approximately $450 million. The deal, announced on Monday, involves key participation from Endeavor CEO Ariel Emanuel and several OpenBet executives, including CEO Jordan Lev

25like·0comment2024-11-13
Endeavor announces management buyout

Endeavor announces management buyout

Endeavor Group has agreed to sell OpenBet and IMG Arena to OB Global Holdings 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 mark

28like·0comment2024-11-13
Endeavor attempts to sell OpenBet and IMG Arena

Endeavor attempts to sell OpenBet and IMG Arena

Endeavor is seeking buyers for its OpenBet and IMG Arena businesses, as both are in a "held for sale" status.The operator stated in its second quarter results that during the search for buyers, OpenBet and IMG will continue to operate as usual. "For sale" indicates a high likelihood of being sold wi

0like·0comment2024-08-19
CSA Partners with IMG Arena to Provide Data and Betting Streams

CSA Partners with IMG Arena to Provide Data and Betting Streams

Cricket South Africa (CSA) has appointed IMG Arena as its official data provider and betting live streaming partner.Under this partnership, IMG Arena will be responsible for collecting detailed live and venue data for CSA's domestic and international matches.The agreement will cover various matches,

0like·0comment2024-08-12
Endeavor Sells OpenBet and IMG Arena

Endeavor Sells OpenBet and IMG Arena

Endeavor is seeking buyers for its OpenBet and IMG Arena businesses, both of which are categorized as "held for sale."The operator reported in its quarterly earnings on August 8 that, while searching for buyers, OpenBet and IMG will continue to operate as usual. The "for sale" status indicates a hi

0like·0comment2024-08-12

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