OpenBet has completed a management buyout (MBO) from Endeavor Group Holdings. The deal gives OpenBet full independence under CEO Jordan Levin and other senior leaders. The sale was finalized for approximately $450 million on March 24, 2025.
What is OpenBet?
$450M OpenBet Buyout Gives Company Full Control.It also develops front-end and back-end solutions, same-game parlay tools (BetBuilder), and player protection features via partners like Neccton. The company has recently expanded into Brazil with a new launch alongside BandBet.
How Much Did OB Global Holdings Pay for Openbet?
$450M OpenBet Buyout Gives Company Full Control $450M OpenBet Buyout Gives Company Full Control. “We’re taking forward a business with deep industry heritage, a strong team, and a laser focus on meeting the needs of our global customer base.”Why Did Endeavor Sell OpenBet?
The sale is part of Endeavor’s wider effort to streamline its business. Endeavor is in the process of going private via a $13 billion buyout led by Silver Lake. Non-core assets like OpenBet and IMG Arena didn’t fit within that narrower focus on talent, media, and events.
This move frees up OpenBet to operate without being tied to a larger entertainment conglomerate. “This marks a significant inflection point in OpenBet’s 25-year history,” said Levin. “We’re entering a new era of product innovation and global growth.”
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