Toho International Inc acquired 25% stake in FIFTH SEASON LLC from Endeavor Group Holdings, Inc. and CJ ENM CO., Ltd. for approximately $230 million.
December 09, 2023
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Toho International Inc acquired 25% stake in FIFTH SEASON LLC from Endeavor Group Holdings, Inc. (NYSE:EDR) and CJ ENM CO., Ltd. (KOSDAQ:A035760) for approximately $230 million on December 10, 2023. Korea?s CJ ENM remains the majority shareholder in Fifth Season, while Endeavor Group Holdings continues as a strategic shareholder along with Toho International Inc. The Toho International development and production executives will also team with Fifth Season executives on shows, which will then be sold by the CJ ENM-owned company?s sales division. The Raine Group LLC acted as financial advisor, O'Melveny & Myers LLP acted as legal advisor to Fifth Season.
Toho International Inc completed the acquisition of 25% stake in FIFTH SEASON LLC from Endeavor Group Holdings, Inc. (NYSE:EDR) and CJ ENM CO., Ltd. (KOSDAQ:A035760) on December 10, 2023.
Endeavor Group Holdings, Inc. is a global sports and entertainment company. It owns and operates sports and entertainment properties, including the Ultimate Fighting Championship (UFC), World Wrestling Entertainment, Inc. (WWE), produces and distributes sports and entertainment content. It also owns and manages live events and experiences, and represents sports, entertainment and fashion talent. The Companyâs Owned Sports Properties segment is comprised of a portfolio of sports properties, including UFC, WWE, professional bull riders and Euroleague. Events, Experiences & Rights segment owns and operates events, including the Miami Open and Madrid Open, Barrett-Jackson, New York Fashion Week: The Shows, and Hyde Park Winter Wonderland. Representation segment provides brand strategy, marketing, advertising, public relations, analytics, digital, activation and experiential services to corporate and other clients. Sports Data & Technology segment is comprised of its IMG ARENA and OpenBet.
ENDEAVOR GROUP HOLDINGS, INC. 
