Endeavor agreed to sell OpenBet and IMG Arena in a $450 million management buyout backed by Endeavor CEO Ari Emanuel.

Endeavor Group Holdings Inc. has agreed to sell OpenBet and IMG Arena in a management buyout backed by Ari Emanuel, with participation from OpenBet executives including Chief Executive Officer Jordan Levin.

Endeavor Group will sell its OpenBet and IMG Arena businesses to management-led group OB Global backed by Hollywood power broker Ari Emanuel for about $450 million, the sports and entertainment company said on Monday.

Under the terms of the transaction, OB Global will acquire OpenBet and IMG Arena, subject to certain adjustments. The deal will be financed through a combination of cash and debt, the company said in a statement. The deal was backed by Endeavor CEO Ariel ...

Endeavor chief executive Ari Emanuel has led a management buyout of betting and sports data businesses OpenBet and IMG Arena for $450m (€424m), but the latter remains for sale. The

Endeavor is selling OpenBet and IMG Arena in a management buyout backed by Ariel Emanuel with participation from executives of OpenBet, including CEO Jordan Levin. The buyout group is operating under the name OB Global Holdings LLC. "This management buyout ...

Endeavor said it will sell two of its properties to OB Global Holdings LLC, in a management buyout backed by Endeavor CEO Ari Emanuel.

The deal, which also includes participation from Endeavor CEO Ari Emanuel and OpenBet CEO Jordan Levin, will be financed through a mix of cash and debt