Korea’s CJ ENM in Talks to Acquire Endeavor Content

Fast-growing Korean conglomerate CJ ENM, the distributor of “Parasite,” is in talks to acquire the majority of Endeavor Content in a deal valued between $900 million and $1 billion. CJ ENM came in with most attractive bid for 80% of the production-distribution unit out of a wide field of financial and strategic suitors, a source close to the situation said. The Wall Street Journal first reported news of the negotiations between Endeavor and CJ ENM. Endeavor Content, headed by Chris Rice and Graham Taylor, has about 200 full-time employees. The plan is for those two to continue to run the… Read Full Article