The Najafi Companies completed the acquisition of the STX Entertainment subsidiary of Eros STX Global for $173m.

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.