Announced
Completed
Financials
Tags
entertainment company
United States
Acquisition
Friendly
Single Bidder
Private Equity
Domestic
Entertainment
Private
media company
Majority
Completed
Synopsis
The Najafi Companies, an entrepreneurially-driven private investment firm, completed the acquisition of the STX Entertainment subsidiary of Eros STX Global, an Indian-American multinational media company, for $173m. "At a time when the demand for global content has never been greater, we are very excited about this rare opportunity to acquire STX Entertainment, one of the only remaining independent studios. As investors, we are long-term minded, and we believe in the power of storytelling and fostering a studio that is friendly to storytellers," Jahm Najafi, The Najafi Companies Founder and CEO.
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