NeuLion acquired for $250m
March 27, 2018
Live and on-demand OTT technology and service specialist NeuLion and sports and entertainment leader Endeavor have entered into a definitive agreement by which Endeavor will acquire NeuLion in an all-cash deal valued at approximately $250 million (€200m).
Under the terms of the agreement, Endeavor will acquire each share of outstanding common stock of NeuLion for $0.84. Upon completion of the transaction, NeuLion will become a privately held subsidiary of Endeavor.
“We’re excited by the value delivered to our stockholders through this transaction, and we’re looking forward to the dynamic opportunities that being part of the Endeavor family will provide for both our current and new clients,” remarked ……
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