Endeavor to Sell OpenBet and IMG Arena Ahead of Silver Lake Acquisition

Endeavor's divestment of sports betting and data businesses comes as part of its $13 billion take-private deal with Silver Lake.

The sale includes sports betting platform OpenBet and sports data business IMG Arena.
Endeavor's Q2 revenue was $1.75 billion with a net loss of $253.8 million.
The Owned Sports Properties segment saw a 163% revenue increase, largely due to the WWE acquisition.
Representation segment revenue grew 7.9%, driven by talent and music divisions.
The Silver Lake acquisition is expected to close by Q1 2025.