McDonald’s Korea Hits Record Revenue Amid Localization and Digital Innovations 
Nike Aims for Olympic Gold in Brand Revival with New Kits for Team USA and Kenya 
Economists say Australia shouldn’t try to transition to net zero by aping the mammoth US Inflation Reduction Act 
Adidas Unveils New Agravic Trail Running Shoes for Speed Enthusiasts 
Why March Madness is a special time of year for state budgets 
Adidas Originals and BAPE Unleash the Adidas N BAPE Sneaker This April 
Food prices will climb everywhere as temperatures rise due to climate change – new research 
PUMA Reveals Sustainable National Team Kits for Austria, Czech Republic, Iceland, Switzerland, Serbia 
BMW Offers Up to $13,000 Off 2024 EV Models; Kia's Affordable Electric Cars Set to Compete 
Impact of Iran-Israel conflict on Stocks, Gold and Bitcoin 
Tesla Announces Major Layoffs in US, China, and Germany Amid Sales Slump 
Adidas Spezial Collection 2024: A Sneak Peek Into the Latest Drop 
Industry shutdowns are messy and painful: 4 lessons Australia’s coal sector can learn from car-makers about bowing out 
FENTY x PUMA Launches New Creeper Phatty Earth Tone Collection 
Mentorship is key to improving social and economic outcomes for Black youth 
Endeavor Group Holdings Inc acquired OpenBet for $1.2 billion, consisting of $1 billion in cash and $200 million in shares, to further diversify its business and help it monetize its assets.
Endeavor, which owns the UFC, Professional Bull Riding, and Euroleague Basketball brands, operates and represents over 800 events annually.
The company also sells media rights on behalf of clients such as the NFL, IOC, NHL, and PBR.
The acquisition of OpenBet is expected to close in the second quarter of 2022.
OpenBet, which is owned by Scientific Games Corp., specializes in “betting engine technology” and processed over three billion bets in 2020
According to Endeavor, the combination of OpenBet and IMG Arena will create a unique end-to-end solution, delivering official data and video streams, premium content, cutting-edge mobile products, and best-in-class betting technology solutions.
Endeavor added that the acquisition will complement its position within the sports betting ecosystem.
Endeavor’s IMG Arena currently works with 470 sportsbook brands to deliver live streaming video and data feeds.
Meanwhile, OpenBet counts Draftkings Inc, FanDuel, WynnBet, SkyBet, Ladbrokes Coral, and William Hill as customers.
Endeavor could look to package media rights, sports betting data, and other items together in deals.
