CJ ENM Acquires Hollywood Studio Endeavor Content for 920 bln Won

SEOUL, Nov. 19 (Korea Bizwire) — South Korea’s media and entertainment giant CJ ENM said Friday it has acquired a managerial stake in Hollywood studio Endeavor Content in a record 920 billion won (US$775 million) deal to strengthen its overseas business. CJ ENM purchased an 80 percent stake in the content production-distribution unit of U.S. [...]