Akin Advises OB Global Holdings, Backed by Ari Emanuel, in its Acquisition of OpenBet and IMG ARENA
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(New York) – Akin advised OB Global Holdings LLC in its acquisition of OpenBet and IMG ARENA of Endeavor Group Holdings, Inc. through a management buyout backed by Ariel Emanuel.
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.
The Akin team was led by partners Jonathan Pavlich and Stuart Leblang, and included partners Eric Wexler and Meng Ru.
Further details on the transaction can be found here.
Akin is a leading international law firm with more than 900 lawyers in offices throughout the United States, Europe, Asia and the Middle East.
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