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Endeavor Closes Acquisition Of OpenBet From Light & Wonder For About $800 Mln

RTTNews | 1113 gün önce

Endeavor Closes Acquisition Of OpenBet From Light & Wonder For About $800 Mln

(RTTNews) - Sports and entertainment company Endeavor Group Holdings, Inc. (EDR) announced Friday the closure of its acquisition of OpenBet, a leading content, platform and service provider to the sports betting industry, from Light & Wonder, Inc. (LNW) for approximately $800 million paid through a combination of cash ($750 million, subject to certain customary adjustments) and shares of Endeavor's Class A common stock.

The addition of OpenBet to Endeavor's sports betting portfolio will enable it to further capitalize on the massive tailwinds in the fast-evolving sports betting ecosystem and lead the way in defining the future of sports betting entertainment.

OpenBet and IMG ARENA will form a fourth operating segment for Endeavor, Sports Data & Technology, beginning January 2023.

Etiketler: EDR

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Endeavor Group Slips To Loss In Q1

Endeavor Group Slips To Loss In Q1

Endeavor Group Holdings, Inc. (EDR) on Thursday reported a net loss attributable to the company of $137.34 million or $0.46 per share, compared to net income of $8.03 million or $0.03 per share in the prior-year quarter.

RTTNews | 526 gün önce

Endeavor Seeks Alternatives; Investor Silver Lake Considers Taking It Private

Endeavor Seeks Alternatives; Investor Silver Lake Considers Taking It Private

Endeavor Group Holdings, Inc. shares were gaining around 22 percent in pre-market activity on the NYSE after its major investor Silver Lake said it is considering taking the sports and entertainment company private. Silver Lake, the owner of around 71 percent of the voting power of Endeavor, was responding to Endeavor's announcement that it has initited a formal review to evaluate strategic...

RTTNews | 722 gün önce

Endeavor, WWE To Form New Global Sports And Entertainment Brands: UFC And WWE

Endeavor, WWE To Form New Global Sports And Entertainment Brands: UFC And WWE

Sports and entertainment company Endeavor Group Holdings, Inc. (EDR) and media company World Wrestling Entertainment, Inc. (WWE) announced Monday that they have signed a definitive agreement to form a new, publicly listed company consisting of two iconic, complementary, global sports and entertainment brands: UFC and WWE.

RTTNews | 928 gün önce

Sensex Rises 485 Points; Nifty Tops 25,700

Sensex Rises 485 Points; Nifty Tops 25,700

Indian shares ended higher on Friday as investor sentiment was boosted ahead of Muhurat trading and Dhanteras buying.

RTTNews | 8 dakika önce

Pound Falls Against Majors

Pound Falls Against Majors

The British pound weakened against other major currencies in the European session on Friday.

RTTNews | 22 dakika önce

DAX Down Over 2% As Credit Markets Worries Hurt Sentiment

DAX Down Over 2% As Credit Markets Worries Hurt Sentiment

Germany's DAX is down sharply on Friday with stocks tumbling amid concerns about the health of U.S. banking sector after Zions Bancorp and Western Alliance Bancorp disclosed on Thursday that they were exposed to alleged fraud by borrowers.

RTTNews | 49 dakika önce

Yen Rises Amid Risk-off Mood

Yen Rises Amid Risk-off Mood

The Japanese yen strengthened against other major currencies in the European session on Friday amid increased risk-off mood, as heightened concerns about the U.S. credit woes weighed on markets.

RTTNews | 52 dakika önce

European Shares Tumble On Concern Over Credit Markets

European Shares Tumble On Concern Over Credit Markets

European stocks tumbled on Friday amid renewed concerns about the health of the U.S. banking sector.

RTTNews | 1s 33 dakika önce

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