Endeavor China Nearing Deal For Sports Agency Mailman Group
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deadline.comEndeavor has agreed to acquire China-based sports digital agency Mailman Group, according to a report today in Sports Business.The deal, said to be worth $60M, has received approval from local regulators and is expected to be confirmed in the next month.
Acquisition is being made via Endeavor China, the company’s far-east offshoot which was formed in 2016 as a joint venture with Sequoia Capital, Tencent and Fountainvest Partners.Mailman Group was founded in 1999 and is headquartered in Shanghai.
The company manages the digital presences of a variety of international brands across the sports, entertainment and travel industries.
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