M&A Deal Summary

CJ ENM Acquires Endeavor Content

On November 18, 2021, CJ ENM acquired media company Endeavor Content from Endeavor for 850M USD

Acquisition Highlights
  • This is CJ ENM’s 1st transaction in the Media sector.
  • This is CJ ENM’s largest (disclosed) transaction.
  • This is CJ ENM’s 1st transaction in the United States.
  • This is CJ ENM’s 1st transaction in California.

M&A Deal Summary
Date 2021-11-18
Target Endeavor Content
Sector Media
Buyer(s) CJ ENM
Sellers(s) Endeavor
Deal Type Divestiture
Deal Value 850M USD

Target

Endeavor Content

Beverly Hills, California, United States
Endeavor Content launched in 2017 as a platform and talent agency-agnostic production, advisory, sales, and distribution studio that puts artists, creators, and producers first. Endeavor Content’s mission later expanded to become a more inclusive studio that champions and supports content and creators who engage diverse audiences. Since its inception, Endeavor Content has owned, financed, and/or sold more than 125 films and television series that have garnered more than 69 Emmy wins and nominations and 59 Academy Award wins and nominations. Major hits include “In the Heights” and “Just Mercy” for Warner Brothers, “Book Club” for Paramount Pictures, “Blue Miracle” for Netflix, and “Joe Bell” with Roadside Attractions. The studio has also made its mark internationally, handling global distribution for hit series including “Killing Eve,” “The Night Manager,” “Normal People,” and “Nine Perfect Strangers.”

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Buyer(S) 1

Buyer

CJ ENM

Seoul, South Korea

website

Category Company
Founded 2018
Sector Media
DESCRIPTION

CJ ENM is an entertainment and retail company that distributes broadcasting channels and contents through cable television, satellite broadcasting, and other related services. CJ ENM was formed in 2018 and is based in Seoul, South Korea.

DEAL STATS #
Overall 2 of 3
Sector (Media) 1 of 2
Type (Divestiture) 1 of 1
State (California) 1 of 1
Country (United States) 1 of 2
Year (2021) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-01 CJ O Shopping

Seoul, South Korea

CJ O Shopping operates as a general online retail marketing and distribution company in South Korea. It provides TV shopping, Internet shopping, and catalogue services. CJ O Shopping was formed in 1995 and is based in Seoul, South Korea.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-28 Hyperreal

New York, New York, United States

Hyperreal is a Metaverse Studio and entertainment producer that empowers A-list talent and A-list brands with a digital asset that enables them to maximize their value in the world of virtual appearances and virtual commerce. Hyperreal was formed in 2019 and is based in New York, New York.

Buy -

Seller(S) 1

SELLER

Endeavor

Beverly Hills, California, United States

website

Category Company
Founded 1898
Sector Media
Employees10,000
Revenue 6.0B USD (2023)
DESCRIPTION

Endeavor is a global sports and entertainment company, home to the world’s most dynamic and engaging storytellers, brands, live events, and experiences. Endeavor is comprised of industry leaders including entertainment agency WME; sports, fashion, events, and media company IMG; and premier mixed martial arts organization UFC. The Endeavor network specializes in talent representation; marketing and licensing; content development, distribution, and sales; event management; and a number of direct-to-consumer offerings. Endeavor was incorporated in 1898 and is based in Beverly Hills, California.

DEAL STATS #
Overall 1 of 2
Sector (Media) 1 of 1
Type (Divestiture) 1 of 2
State (California) 1 of 1
Country (United States) 1 of 2
Year (2021) 1 of 1
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-27 OpenBet

London, United Kingdom

OpenBet is a software provider to the sports betting and gaming industry. OpenBet's main products include an online operating platform, a sportsbook, and a module for the provision of casinos and other games. OpenBet was founded in 1996 and is based in London, United Kingdom.

Buy $1.2B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-04-03 World Wrestling Entertainment

Stamford, Connecticut, United States

World Wrestling Entertainment is an integrated media organization and recognized leader in global entertainment. The company consists of a portfolio of businesses that create and deliver original content 52 weeks a year to a global audience. WWE is committed to family friendly entertainment on its television programming, pay-per-view, digital media and publishing platforms. WWE programming is broadcast in more than 150 countries and 30 languages and reaches more than 650 million homes worldwide. The company is headquartered in Stamford, Conn., with offices in New York, Los Angeles, Miami, London, Mumbai, Shanghai, Singapore, Munich and Tokyo. World Wrestling Entertainment was founded in 1980 and is based in Stamford, Connecticut.

Buy $9.3B
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