Endeavor sells OpenBet, IMG Arena for $450 million in Ari Emanuel-led management buyout [Yahoo! Finance]
Light & Wonder, Inc. (LNW)
Company Research
Source: Yahoo! Finance
Endeavor said it will sell OpenBet, along with sports data provider IMG Arena, to OB Global Holdings LLC for $450 million in cash and debt, an amount much less than what Endeavor paid for OpenBet two years ago. The move comes as Endeavor is taking steps to be taken private by its largest investor, private equity firm Silver Lake, about three years after it began trading on the public market. Endeavor executives in the past have expressed frustration about the company's stock price not reflecting the value of its assets — a mixture of entertainment- and sports-related businesses that the company believes add value to each other. Read more: WME owner Endeavor to go private again after three-year run as a public company Endeavor had purchased OpenBet from Light & Wonder Inc. in 2022 in a deal worth around $800 million. At the time , Emanuel said the acquisition would "enable us to further capitalize on the massive tailwinds in the fast-evolving sports betting ecosystem and lead
Show less
Read more
Impact Snapshot
Event Time:
LNW
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
LNW alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
LNW alerts
High impacting Light & Wonder, Inc. news events
Weekly update
A roundup of the hottest topics
LNW
News
- Light & Wonder (LNW) Faces Scrutiny Over Gaming Revenue Claims - Hagens BermanGlobeNewswire
- Casino Management System Market to Reach USD 29.09 Billion by 2032 | Enhanced Security and Operational Efficiency Drive Growth | Research by S&S Insider [Yahoo! Finance]Yahoo! Finance
- Light & Wonder, Inc. Announcement: If You Have Suffered Losses in Light & Wonder, Inc. (NASDAQ: LNW), You Are Encouraged to Contact The Rosen Law Firm About Your RightsGlobeNewswire
- Light & Wonder, Inc. (LNW): Among Harvard University's Top Stock Picks [Yahoo! Finance]Yahoo! Finance
- Rosen Law Firm Encourages Light & Wonder, Inc. Investors to Inquire About Securities Class Action Investigation - LNWPR Newswire
LNW
Earnings
- 11/12/24 - Beat
LNW
Sec Filings
- 11/15/24 - Form 4
- 11/14/24 - Form SC
- 11/12/24 - Form SC
- LNW's page on the SEC website