OB Global Holdings LLC / OpenBet and IMG ARENA management-buyout perimeter
Completed · Confirmed by · Announced
Transaction
- Buyer
- OB Global Holdings LLC
- Target
- OpenBet and IMG ARENA management-buyout perimeter
- Consideration
- Approx. $450m announced cash and seller-note package · Endeavor Group Holdings, Inc.
Announced package included $100m cash and a seller note with approximately $350m make-whole value, subject to adjustments. · OpenBet / Endeavor, Endeavor Group Holdings, Inc.
IMG ARENA was temporarily owned/managed by OB Global before its separate onward disposal to Sportradar; the transaction perimeter is not OpenBet alone. · OpenBet / Endeavor, Endeavor Group Holdings, Inc.
Seller-note make-whole value is not equivalent to immediate cash or accounting fair value. · OpenBet / Endeavor, Endeavor Group Holdings, Inc.
Timeline
- Confirmed by · Completed · OpenBet / Endeavor
- · Announced · Endeavor Group Holdings, Inc.
Sources
- Endeavor Group Holdings, Inc.: Endeavor OpenBet/IMG ARENA transaction agreement ·
- OpenBet / Endeavor: OpenBet announces completion of management buyout ·
Latest source: