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
Category Company
Founded 1994
Sector Media
Employees2,947
Revenue 4.37T KRW (2023)
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 founded in 1994 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
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. 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 5
Sector (Media) 1 of 1
Type (Divestiture) 1 of 5
State (California) 1 of 1
Country (United States) 1 of 4
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
2022-08-09 DBH

Syracuse, New York, United States

DBH owns and operates select minor league baseball clubs affiliated with major league baseball. DBH seeks to support, promote and enhance its clubs through professional management, best practices, innovation and investment, with the mission to elevate fan and player experiences and enrich communities across the country. DBH was formed in 2021 and is based in Syracuse, New York.

Sell -
Mergr

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