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Announced

Completed

Eros completed the merger with STX in a $1bn deal.

Financials

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Transaction Value£764m
Consideration TypeOrdinary Shares
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Merger

Single Bidder

Friendly

Acquisition

United States

entertainment

Entertainment

Completed

Private

Cross Border

Disposal

Private Equity

Synopsis

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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.

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