Endeavor completes acquisition of sports betting company openbet

Beverly hills, calif.--(business wire)--endeavor group holdings, inc. (nyse: edr), a global sports and entertainment company (“endeavor”), today closed its previously announced acquisition of openbet, a leading content, platform and service provider to the sports betting industry, from light & wonder, inc. (nasdaq: lnw) for approximately $800 million paid through a combination of cash ($750 million, subject to certain customary adjustments) and shares of endeavor's class a common stock. “th
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