SEOUL -- South Korean entertainment group CJ ENM will acquire Endeavor Content, the U.S.-based production company behind Oscar-winning "La La Land," as part of a push to become a global entertainment powerhouse.
CJ ENM announced Friday that it will take an 80% stake in the company, which is a unit of talent agency and sports management company Endeavor Group Holdings, for $775 million. The transaction is expected to be completed in the January-March quarter.
