Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Endeavor Group Holdings Inc ( (EDR) ) just unveiled an update.
Endeavor Group Holdings has announced the sale of OpenBet and IMG ARENA to OB Global Holdings in a management buyout valued at about $450 million, with backing from Ariel Emanuel. This move aims to fuel market expansion and product innovation, with OpenBet’s CEO Jordan Levin remaining at the helm. The transaction is aligned with Endeavor’s take-private strategy and is subject to regulatory approvals, reflecting OpenBet’s strong growth trajectory and industry position.
See more insights into EDR stock on TipRanks’ Stock Analysis page.