Eros International and STX Entertainment Combine to Form Eros STX Global Corporation

April 17, 2020

Eros International plc and STX Entertainment entered into a definitive stock-for-stock merger to form Eros STX Global Corporation, a publicly traded, combined content, digital media and OTT company. The transaction, structured as STX merging into a newly formed subsidiary of Eros, is supported by $125 million of incremental equity from new and existing STX investors (including TPG, Hony Capital and Liberty Global) and aims to create a scalable global studio and OTT platform with expanded distribution across the United States, India and China.

Buyers
Eros International plc, TPG, Hony Capital, Liberty Global
Targets
STX Entertainment
Sellers
Existing STX Entertainment shareholders
Location
California, United States
Transaction Type
Buyout

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