Light & wonder announces completion of openbet divestiture

Las vegas--(business wire)--light & wonder, inc. (nasdaq: lnw) (“light & wonder,” “l&w” or the “company”) today completed the previously announced sale of its sports betting business, openbet, to endeavor group holdings, inc. (nyse: edr) (“endeavor”), for total gross proceeds of approximately $800 million, consisting of $750 million in cash, subject to certain customary adjustments, and 2,305,794 shares of class a common stock of endeavor. the sale marks the final step, as part of t
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