Announced
Completed
Financials
Tags
Merger
Single Bidder
Friendly
Acquisition
United States
entertainment
Entertainment
Completed
Private
Cross Border
Disposal
Private Equity
Synopsis
Eros International, an Indian motion picture production and distribution company, completed the merger with STX Entertainment, an American entertainment and media company, in a $1bn all-stock deal. TPG, Hony Capital and Liberty Global exited STX Entertainment. "The combination of our two companies creates the first truly independent media company that deeply integrates the expertise and creative cultures of Hollywood and Bollywood. Kishore is a legend in the Indian entertainment industry and a pioneer in OTT content development and distribution in India. Together we will have the relationships, management expertise and resources to create new content and grow rapidly in the largest and most attractive global markets," Robert Simonds, STX CEO.
© COPYRIGHT 2024 MERGERLINKS LIMITED.
ALL RIGHTS RESERVED.
15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.