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OpenBet Announces Completion of Management Buyout from Endeavor

1. Endeavor Group sold OpenBet in a management buyout to OB Global. 2. CEO Jordan Levin emphasized OpenBet's enhanced market position post-sale.

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$29.2503/24 06:48 AM EDTEvent Start
$29.2503/25 01:32 PM EDTLatest Updated
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FAQ

Why Bullish?

Management buyouts often signify confidence in the business's future. Historical examples show stock prices can rise following such transactions.

How important is it?

The sale indicates strategic realignment, impacting investor perception of growth potential.

Why Short Term?

Immediate investor sentiment typically reacts positively to management buyouts; potential operational changes follow.

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EDRTRKLVS
BEVERLY HILLS, Calif.--(BUSINESS WIRE)--OpenBet, a world leader in betting and gaming entertainment, today announced the completion of its sale by Endeavor Group Holdings, Inc. (“Endeavor”) (NYSE: EDR) to OB Global Holdings LLC (“OB Global”) in a management buyout backed by Ariel Emanuel with participation from OpenBet executives, including Jordan Levin, who continues to lead the business as CEO. Levin said: “As this new chapter begins, OpenBet is better positioned than ever to drive market exp.

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