TODAY'S PAPER
44° Good Afternoon
44° Good Afternoon
BusinessTechnology

$250M deal to acquire NeuLion closes; trading in stock ends

NeuLion employees monitor streaming digital video broadcasting in

NeuLion employees monitor streaming digital video broadcasting in the technical operations center in Plainview. Credit: Heather Walsh

Endeavor's $250 million all-cash acquisition of Plainview-based NeuLion Inc. closed Monday, the companies announced.

Trading in NeuLion, a provider of digital video broadcasts for internet-enabled devices, will cease, and the company will be delisted from the Toronto Stock Exchange.

Under terms of the deal announced in March, Endeavor, a privately held Beverly Hills, California company, will pay holders of NeuLion stock 84 cents per share.

Endeavor owns a broad array of entertainment properties including the UFC (Ultimate Fighting Championship), the Miss Universe Organization and Professional Bull Riders Inc.

Endeavor, which began as a talent agency, is headed by chief executive Ariel Emanuel, brother of Chicago Mayor Rahm Emanuel.

NeuLion executives said the company, with about 120 employees on Long Island and 550 overall, would continue operating in Plainview under the NeuLion name.

NeuLion was founded in 2004 by a group of former executives at Computer Associates International, the Manhattan software company formerly based in Islandia.

Comments

We're revamping our Comments section. Learn more and share your input.

More news