Endeavor Completes Acquisition of OpenBet from Light & Wonder for Approximately $800M

Light & Wonder Acquires House Advantage Assets

October 6, 2022

Software

Light & Wonder, Inc. acquired substantially all of the assets of House Advantage, LLC in a cash transaction to strengthen its systems business with omnichannel player loyalty and marketing solutions. House Advantage founder and CEO Jon Wolfe will join Light & Wonder as SVP and President, Global Systems and Services, and approximately 20 House Advantage employees will transfer to Light & Wonder.

Light & Wonder Acquires Playzido

May 10, 2022

Software

Light & Wonder, Inc. has acquired Playzido, a London-based open game development platform and content provider, to expand its iGaming content creation and distribution capabilities. The acquisition adds Playzido’s Remote Gaming Server (RGS) technology and studio-facing platform to Light & Wonder’s OpenGaming aggregation network, accelerating custom game development and global distribution.

Silver Lake and Co-Investors Take Endeavor Private

March 24, 2025

Media & Entertainment

Silver Lake, in partnership with the Endeavor management team and several co-investors (including Mubadala, DFO Management, Lexington Partners, Goldman Sachs Asset Management funds, and CPP Investments), completed a take-private acquisition of Endeavor Group Holdings for $27.50 per share. The transaction consolidates ownership, rebrands the portfolio of representation businesses as WME Group, and positions the company for long-term value creation across talent representation, IP, content and sports assets.

Bally's Corporation Acquires Bet.Works

November 18, 2020

Cloud & SaaS

Bally's Corporation agreed to acquire Bet.Works, a U.S. sports betting and iGaming platform provider, for $125 million (half paid in Bally's common stock). The acquisition brings Bet.Works' ~130 employees and proprietary technology into Bally's Interactive to create a vertically integrated omni-channel sports betting and iGaming business; closing was expected in Q1 2021 pending regulatory approvals.

BPEA Private Equity Fund VIII (with Nord Anglia) Acquires IMG Academy from Endeavor

April 25, 2023

Education

BPEA Private Equity Fund VIII, an affiliated fund of BPEA EQT, will acquire IMG Academy from Endeavor Group Holdings for an enterprise value of USD 1.25 billion. The transaction is being completed in partnership with portfolio company Nord Anglia Education, which plans to integrate IMG Academy's sports-focused curriculum across its global school network and support IMG's international expansion, particularly into Asia.

Endeavor Acquires Full Ownership of On Location and Endeavor China

April 28, 2022

Media & Entertainment

Endeavor Group Holdings announced that On Location and Endeavor China are now wholly owned subsidiaries after subsidiary-level investors — including the NFL’s 32 Equity, Sequoia Capital China, Tencent, and affiliates of FountainVest — converted their subsidiary equity into equity in parent company Endeavor. The transactions are intended to fully integrate the businesses into Endeavor’s network to streamline management and create operational efficiencies across live events, hospitality and China-focused entertainment operations.