Endeavor Group Holdings Inc. is nearing a deal to sell a majority stake in its scripted-content business to South Korean media firm CJ ENM , according to people familiar with the matter, as the “Parasite” backer bulks up its presence in Hollywood.
The deal under consideration values Endeavor Content’s scripted business at between $900 million and $1 billion, some of the people said. The deal could be announced within days, but it isn’t final and the talks could still fall apart, the people familiar with the matter said.
