TMCnet News
NeuLion Announces Closing of Acquisition by EndeavorPLAINVIEW, N.Y., May 07, 2018 (GLOBE NEWSWIRE) -- NeuLion, Inc. (TSX:NLN), 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, today closed its previously announced acquisition by sports and entertainment leader Endeavor. Pursuant to the terms of the transaction, each share of NeuLion common stock that was issued and outstanding on May 7, 2018 was automatically converted into the right to receive $0.84 in cash, without interest and subject to deduction for any required withholding tax. In conection with the completion of the transaction, NeuLion common stock will be delisted from the Toronto Stock Exchange. Stockholders of NeuLion will shortly receive instructions regarding the delivery of their share certificates and payment of their merger consideration. About NeuLion CONTACT INFORMATION Press Contact: Chris Wagner | | +1 516 622 8357 Investor Relations Contact: Rob Kelly | | +1 416 992 4539 |