Endeavor, a global sports and entertainment company, completed the acquisition of Endeavor China, a partnership with the aforementioned investors, is focused on bringing the best entertainment, sports, and fashion content and experiences to Chinese audiences. Financial terms were not disclosed. As a result of these transactions, the National Football League’s strategic investment platform, 32 Equity, which had previously been an equity holder in Endeavor’s On Location business, converted that equity into equity interests in parent company Endeavor. Similarly, via a separate transaction, Endeavor China investors Sequoia Capital China, Tencent, and affiliates of FountainVest Partners converted their Endeavor China equity into equity interests in parent company Endeavor. These transactions enable Endeavor to streamline management and create operational efficiencies across these two businesses, while fully integrating them within its network.