Endeavor said it will sell two of its properties to OB Global Holdings LLC, in a management buyout backed by Endeavor CEO Ari Emanuel.

Endeavor Group Holdings Inc. has agreed to sell OpenBet and IMG Arena in a management buyout backed by Ari Emanuel, with participation from OpenBet executives including Chief Executive Officer Jordan Levin.

Endeavor Group will sell its OpenBet and IMG Arena businesses to management-led group OB Global backed by Hollywood power broker Ari Emanuel for about $450 million, the sports and entertainment company said on Monday.

The deal, which also includes participation from Endeavor CEO Ari Emanuel and OpenBet CEO Jordan Levin, will be financed through a mix of cash and debt

Endeavor is selling OpenBet and IMG Arena in a management buyout backed by Ariel Emanuel with participation from executives of OpenBet, including CEO Jordan Levin. The buyout group is operating under the name OB Global Holdings LLC. "This management buyout ...

Endeavor agreed to sell OpenBet and IMG Arena, its sports gambling and technology businesses, in a $450 million management buyout backed by Endeavor chief Ari Emanuel with participation from OpenBet CEO Jordan Levin and other execs.

Emanuel at UFC 300 event at T-Mobile Arena on April 13, 2024 in Las Vegas, Nevada. Photo: Chris Unger/Zuffa LLC via

The company called the transaction a crucial step toward the completion of the proposed Endeavor take-private by Silver Lake. It is subject to standard closing conditions, including the necessary approvals from relevant gaming regulatory authorities,