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M&A

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

  1. Confirmed by · Completed · OpenBet / Endeavor
  2. · Announced · Endeavor Group Holdings, Inc.

Sources

Latest source: