OpenBet, a world leader in betting and gaming entertainment, announced the completion of its sale by Endeavor Group Holdings, Inc. to OB Global Holdings LLC in a management buyout backed by Ariel Emanuel with participation from OpenBet executives, including Jordan Levin, who continues to lead the business as CEO.

Valued at approximately $450 million and financed through a blend of cash and debt, the transaction will enable OB Global to further its position in the global betting and gaming industry.

Oakvale Capital LLP and The Raine Group acted as financial advisors to Endeavor. Latham & Watkins LLP acted as legal advisor to Endeavor.

Akin advised OB Global Holdings LLC.