Endeavor Completes Acquisition of OpenBet from Light & Wonder for Approximately $800M
September 30, 2022
Endeavor Group Holdings has completed its acquisition of OpenBet from Light & Wonder for approximately $800 million in cash and stock consideration. OpenBet, a leading sports-betting platform and services provider with more than 1,000 employees, will join Endeavor's IMG ARENA to form a new Sports Data & Technology segment and expand Endeavor's capabilities in the sports betting ecosystem.
- Buyers
- Endeavor Group Holdings, Inc.
- Targets
- OpenBet
- Sellers
- Light & Wonder, Inc.
- Industry
- Cloud & SaaS
- Location
- England, United Kingdom
- Transaction Type
- Buyout
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