About one month after announcing the deal, Endeavor has closed its purchase of online, multiscreen technology and services company NeuLion.
Pursuant to the terms of the transaction, which was valued at about $250 million when it was announced in March, each share of NeuLion common stock that was issued and outstanding on May 7, 2018 was automatically converted into the right to receive 84 cents in cash, without interest and subject to deduction for any required withholding tax.
In connection with the completion of the transaction, NeuLion common stock will be delisted from the Toronto Stock Exchange, as NeuLion becomes a privately held subsidiary of Endeavor. Endeavor’s companies include WME, IMG and UFC, and a business that spans talent representation, brand marketing, sponsorship and licensing, media sales and distribution and events.
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