Endeavor Buys Video Streaming Company NeuLion for $250 Million

Endeavor has entered into a deal to purchase the streaming technology outfit NeuLion in an all-cash agreement valued at $250 million.

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. NeuLion is a technology product and service provider specializing in the digital video broadcasting, distribution and monetization of live and on-demand content to internet-enabled devices.

“Through our content portfolio, client base and broader network of rights holders we’ve encountered many different platforms for distributing and monetizing content,” said Ariel Emanuel, CEO of 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 foundation it provides for our future digital growth.”