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

RTTNews | 1060 dias atrás
Stocktwits
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.

Etiquetas: 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 | 473 dias atrás
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 | 669 dias atrás
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 | 875 dias atrás
Dollar Extends Losses Amidst Powell's Dovish Surprise

Dollar Extends Losses Amidst Powell's Dovish Surprise

A markedly dovish tone in Fed Chair Jerome Powell's speech at the Jackson Hole symposium on Friday weakened the Dollar, resulting in further losses for the currency during the week ended August 22.
RTTNews | 32 minutos atrás
German Ifo Business Confidence Strongest Since 2024

German Ifo Business Confidence Strongest Since 2024

German business sentiment hit the highest level in more than two years in August on expectations that the fiscal stimulus would help to kickstart the economic recovery. The business climate index rose to 89.0 in August from 88.6 in the previous month. This was the highest score since April 2024 and also came in above economists' forecast of 88.6. The German economy's recovery remains weak.
RTTNews | 34 minutos atrás
CAC 40 Down Nearly 0.6% In Cautious Trade

CAC 40 Down Nearly 0.6% In Cautious Trade

French stocks remain in negative territory on Monday, with investors mostly making cautious moves, looking for some more clarity on U.S. - EU trade deal, and awaiting crucial inflation data from the region.
RTTNews | 1 h 9 min atrás
DAX Modestly Lower As Investors Wait For Directional Clues

DAX Modestly Lower As Investors Wait For Directional Clues

The German market is languishing in negative territory after a weak start on Monday as investors remain a bit reluctant to pick up stocks, choosing to wait for crucial inflation data from several major countries in Europe.
RTTNews | 1 h 42 min atrás
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