Loeb & Loeb LLP represented NeuLion, Inc., a leading technology product and service provider specializing in the digital video broadcasting, distribution and monetization of live and on-demand content to Internet-enabled devices, in its agreement to be acquired by entertainment leader Endeavor. Under the terms of the agreement, Endeavor will acquire each share of outstanding common stock of NeuLion for USD $0.84 in an all-cash deal valued at approximately USD $250 million. The transaction is expected to close in the second quarter of 2018.
“We’re excited by the value delivered to our stockholders through this transaction, and we’re looking forward to the dynamic opportunities that being part of the Endeavor family will provide for both our current and new clients,” remarked Roy Reichbach, President & CEO, NeuLion.
More information about the transaction is available on the NeuLion website.
The Loeb & Loeb deal team acting on behalf of NeuLion in this matter is led by partners Frank Lee and Ronelle Porter and includes attorneys Fran Stoller, Alan Tarr, Marla Aspinwall, William Voller, Giovanni Caruso and Anastasia Slivker.