Endeavor sells OpenBet, IMG Arena for $450 million in Ari Emanuel-backed management buyout
Beverly Hills-based Endeavor announced Monday it will sell sports betting firm OpenBet, in a management buyout backed by Chief Executive Ari Emanuel. Endeavor said it will sell OpenBet, along with sports data provider IMG Arena, to OB Global Holdings LLC for $450 million in cash and debt, an amount much less than what Endeavor paid…