April 5, 2018
The $250 million transaction for the sports content platform is expected to close in Q2 2018.
Under the terms of the transaction, Endeavor will acquire NeuLion’s outstanding common stock for $0.84. Upon closing, NeuLion will become a privately held subsidiary of Endeavor.
NeuLion is a digital video broadcasting company that specializes in live and on-demand content. The company’s current content portfolio includes the NFL, NBA, UFC, EFL, Euroleague, World Surf League, Univision, Sky Sports and Eleven Sports Network, among others.
“Through our content portfolio, client base and broader network of rights holders, we’ve encountered many different platforms for distributing and monetizing content,” says Ariel Emanuel, chief executive officer, Endeavor. “NeuLion provides an ideal combination of technology and client services, and we’re excited for the value this brings to our existing partners and the foundationit provides for our future digital growth.”
The transaction, which is subject to regulatory approvals and other closing conditions, is expected to close in Q2 2018.
Endeavor helps leagues and associations around the world develop their infrastructure including World Rugby, Indian Premier League, Euroleague and Professional Bull Riders.
“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,” says Roy Reichbach, president and chief executive officer, NeuLion.
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