Leading Entertainment Company CJ ENM to Acquire Controlling Stake in Global Premium Content Studio ‘Endeavor Content’ for $775 Million USD

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CJ ENM, leading entertainment company originated from Korea, announced that they have entered into a definitive agreement to acquire an 80% stake of the scripted business of U.S.-based global premium content studio, Endeavor Content, from its parent company Endeavor Group Holdings (Endeavor)(NYSE: EDR) for $775 million USD in total proceeds at an enterprise valuation of $850 million USD, including $655 million USD to Endeavor and a contribution of $120 million USD of capital to Endeavor Contents balance sheet (implying a post-money equity valuation of $970 million USD).