Benzinga | Sep 27, 2021 04:26PM EDT

Endeavor To Acquire Sports Betting Company OpenBet From Scientific Games For $1.2B In Cash And Stock

Endeavor Group Holdings, Inc. (NYSE:EDR), a global sports and entertainment company, has entered into an agreement to acquire OpenBet, a leading content, platform and service provider to the sports betting industry, from Scientific Games Corporation (NASDAQ:SGMS) for $1.2 billion paid through a combination of cash ($1 billion) and Endeavor's Class A common stock ($200 million).