<br> By <a class="c-link lrv-a-unstyle-link" href="https://variety.com/author/todd-spangler/" > Todd Spangler</a> <br>NY Digital Editor<br> <a href="https://variety.com/t/endeavor/" id="auto-tag_endeavor_1" data-tag="endeavor" >Endeavor</a> agreed to sell <a href="https://variety.com/t/openbet/" id="auto-tag_openbet_1" data-tag="openbet" >OpenBet</a> and <a href="https://variety.com/t/img-arena/" id="auto-tag_img-arena_1" data-tag="img-arena" >IMG Arena</a>, 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.<br> The deal “is a necessary step” for the closing of the proposed <a href="https://variety.com/2024/tv/news/endeavor-goes-private-silver-lake-13-billion-1235957901/" >Endeavor take-private deal with Silver Lake</a>, expected to occur in the first quarter of 2025, the company said. Endeavor had announced that it was <a href="https://variety.com/2024/biz/news/endeavor-openbet-img-arena-silver-lake-sale-1236100186/" >shopping the gaming-related businesses in August</a>. Endeavor said the sale of OpenBet and IMG Arena is expected to close immediately prior to the closing of the Sliver Lake-Endeavor go-private pact. <div class="injected-related-story // lrv-u-margin-tb-1" > <h2 id="title-of-a-story" class="c-title lrv-u-display-block lrv-u-padding-t-075 lrv-u-padding-b-050 lrv-a-font-secondary-l u-color-black"> Related Stories </h2> <div class="lrv-u-display-block lrv-u-border-t-1 lrv-u-border-b-1" > <div class="lrv-u-display-block lrv-a-children-border-vertical a-children-border--light-grey-tint-two" > <article class="o-card lrv-u-flex lrv-u-padding-tb-075"> <div class="c-lazy-image lrv-u-flex-shrink-0 u-width-125 lrv-u-margin-r-1"> <a href="https://variety.com/vip/sag-aftra-holiday-gaming-boycott-call-of-duty-dragon-age-1236185822/" class="c-lazy-image__link lrv-a-unstyle-link" > <div class="lrv-a-crop-3x2" style=""> <img class="c-lazy-image__img lrv-u-background-color-grey-lightest lrv-u-width-100p lrv-u-display-block lrv-u-height-auto" src="https://variety.com/wp-content/uploads/2024/10/featured_ai_gaming.jpg?w=250&h=167&crop=1" data-lazy-src="https://variety.com/wp-content/uploads/2024/10/featured_ai_gaming.jpg?w=250&h=167&crop=1" alt="A robot hand and a human hand pulling on a video game controller" data-lazy-srcset="" data-lazy-sizes="" height="" width="" decoding="async"> </div> </a> </div> <div class="o-card__content u-width-180"> <span class="c-span lrv-u-display-block lrv-u-text-transform-uppercase u-font-family-basic lrv-u-line-height-normal lrv-u-padding-b-075 lrv-u-font-size-12 u-font-size-13@tablet u-color-brand-vip-primary"> <a href="https://variety.com/vip/" class="c-span__link lrv-a-unstyle-link a-content-ignore"> VIP+ </a> </span> <h3 id="title-of-a-story" class="c-title lrv-a-font-primary-xs lrv-u-font-weight-bold lrv-u-color-black lrv-u-display-block u-margin-b-075@tablet u-color-medium-grey:hover a-content-ignore"> <a href="https://variety.com/vip/sag-aftra-holiday-gaming-boycott-call-of-duty-dragon-age-1236185822/" class="c-title__link lrv-a-unstyle-link a-content-ignore" > Why SAG-AFTRA Is Smart to Threaten Holiday Gaming Boycott </a> </h3> </div> </article> <article class="o-card lrv-u-flex lrv-u-padding-tb-075"> <div class="c-lazy-image lrv-u-flex-shrink-0 u-width-125 lrv-u-margin-r-1"> <a href="https://variety.com/2024/tv/news/trump-election-tv-news-anchors-fox-news-nbc-news-cnn-1236202383/" class="c-lazy-image__link lrv-a-unstyle-link" > <div class="lrv-a-crop-3x2" style=""> <img class="c-lazy-image__img lrv-u-background-color-grey-lightest lrv-u-width-100p lrv-u-display-block lrv-u-height-auto" src="https://variety.com/wp-content/uploads/2024/11/trump-2.jpg?w=250&h=167&crop=1" data-lazy-src="https://variety.com/wp-content/uploads/2024/11/trump-2.jpg?w=250&h=167&crop=1" alt="WEST PALM BEACH, FLORIDA - NOVEMBER 06: Republican presidential nominee, former U.S. President Donald Trump points to supporters with former first lady Melania Trump during an election night event at the Palm Beach Convention Center on November 06, 2024 in West Palm Beach, Florida. Americans cast their ballots today in the presidential race between Republican nominee former President Donald Trump and Vice President Kamala Harris, as well as multiple state elections that will determine the balance of power in Congress. 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It positioned OpenBet as augmenting its IMG Arena business, which works with sportsbook brands to provide official livestreaming video and data feeds for thousands of events annually. <div class="admz" id="adm-inline-article-ad-1"> <div class="adma boomerang" data-device="Desktop" data-width="300"> <div style="min-width:50px;min-height:75px;" class="pmc-adm-boomerang-pub-div ad-text" data-priority="10" > <div id="gpt-variety-article-mid-article-uid0" class="adw-300 adh-250" data-is-adhesion-ad=""> <script type="application/javascript">
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