trending Market Intelligence /marketintelligence/en/news-insights/trending/qei-xtbwrn1zcswx1n1qgw2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

Endeavor to buy NeuLion for $250M

Blog

Charter, DIRECTV and Comcast rank as the top 'RSN-friendly' MVPDs

TMT News & Research: 2020 Recap

Quibi's $2 billion bet on mobile video fizzles out

Cable nets struggle with cash flow declines due to cord cutting, pandemic


Endeavor to buy NeuLion for $250M

Endeavor agreed to buy NeuLion Inc. in an all-cash deal valued at about $250 million.

Under the agreement, Endeavor will buy each share of outstanding common stock of NeuLion for 84 cents. Upon completion of the transaction, NeuLion will become a privately held subsidiary of Endeavor, according to a March 26 news release.

The transaction, unanimously approved by NeuLion's board and by the written consent of holders of a majority of NeuLion's outstanding common stock, is subject to regulatory approvals and other closing conditions, and is expected to close in the second quarter.

Paul Weiss Rifkind Wharton & Garrison LLP serves as Endeavor's legal counsel, while The Raine Group acted as exclusive financial adviser to Endeavor. NeuLion's legal adviser is Loeb & Loeb LLP, and its financial adviser is Needham & Co.

NeuLion is a technology product and service provider specializing in the digital video broadcasting, distribution and monetization of live and on-demand content to Internet-enabled devices.

Endeavor, formerly called WME | IMG, specializes in talent representation and management, brand marketing, sponsorship and licensing, media sales and distribution, event operation and management, and sports training and league development.