Latham & Watkins Advises Endeavor on US$1.2 Billion Acquisition of Sports Betting Company OpenBet from Scientific Games

Firm represents the global entertainment company in the transaction.

September 27, 2021

Endeavor Group Holdings, Inc., a global 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 for US$1.2 billion paid through a combination of cash (US$1 billion) and equity (US$200 million). 

Latham & Watkins LLP represents Endeavor in the transaction with a corporate deal team led by New York partner Justin Hamill, Chicago partner Jonathan Solomon, London partner Edward Barnett, Singapore partner Farhana Sharmeen, and New York counsel Michael Anastasio, with Chicago associate Matthew Dixon, New York associates Dan Weissman, Aubrey Steiger, and Jesse Lake, London associates Alex McCarney and Migle Vasiliauskaite, and Singapore associate Elisabeth Su-Li Ong. Advice was also provided on capital markets matters by New York partners Ian Schuman and Benjamin Cohen and New York counsel Ellen Smiley; on entertainment, sports, and media matters by New York partner Frank Saviano; on data privacy and security matters by Bay Area counsel Robert Blamires and London counsel Danielle van der Merwe, with Bay Area associate Samantha Maerz-Boening and London associate Jagveen Tyndall; on intellectual property and tech transfers matters by London partner Deborah Kirk and Orange County counsel David Kuiper, with Los Angeles associate Nicole Nour and London associate Luke Vaz; on tax matters by New York partner Matthew Dewitz, with New York associates Alan Kimball and Michael Yu; on benefits and compensation matters by New York partner Austin Ozawa, with New York associates Max Raskin and Anne Bracaglia and London associate Charlie Bowden; on labor and employment matters by Chicago partner Nineveh Alkhas, with Chicago associate Laura Waller; on real estate matters by New York partner Michelle Kelban, with New York associate Sara Aziz and London associate Danni Davies; on finance matters by New York partner Joshua Tinkelman and New York counsel Seniz Yakut, with New York associate Kevin Schoonveld; on antitrust matters by Washington, D.C. partner Mandy Reeves, Brussels counsel Tomas Nilsson, and Washington, D.C. counsel Peter Todaro, with London associate Stephanie Adams and New York associate Sophia Bertran; and on compliance and export controls matters by Washington, D.C. partners Les Carnegie and Joseph Bargnesi, with Washington, D.C. associates Erin Eckles, Andrew Galdes, and Christopher John Rydberg.

 
 
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