M&A deal volume among U.S. and Canadian media and telecommunications companies fell 11.3% year over year in September. The sector had only one billion-dollar deal during the month.

There were 94 deal announcements with disclosed transaction values in September, the lowest amount for the year to date, compared to 126 deals announced in August. The sector had 106 deal announcements in September 2020.

Endeavor Operating Co. LLC's agreement to buy OpenBet Technologies Ltd., the digital sports betting business of Scientific Games Corp., for $1.21 billion was the largest deal of the month. The transaction consisted of $1 billion in cash and 7,605,199 shares of class A common stock, par value $0.00001, of Endeavor Group Holdings Inc.

Macquarie Capital (USA) Inc. and Oakvale Capital LLP are the financial advisers to Scientific Games for the transaction, however, the company did not disclose any associated fees. Endeavor did not provide any details on financial advisers.

Maryland Media One LLC's deal to purchase two AM stations and two FM stations from Laurel Highland Total Communications Inc.'s unit LHTC Media Inc. for $480 million ranked second for September. The parties signed the deal on Aug. 2 and held back the announcement until Sept. 17.

CMS Station Brokerage Inc. is the adviser to LHTC for the deal, while Maryland Media did not disclose any advisers. LHTC did not reveal any financial advisory fees associated with the transaction.

Transom Capital Group LLC's agreement to buy Wolters Kluwer Legal & Regulatory U.S. from Wolters Kluwer NV for about $88 million in a cash deal was No. 3 on the list. The Dutch company plans to use the proceeds from the sale of its U.S. legal education business for additional share repurchases.