Eros International and STX Entertainment merged forming Eros STX Global Corporation

marvel44

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STX Entertainment, founded in 2014 as a star-driven movie operation, is merging with India’s Eros International to form a new, publicly traded media company with operations across film, TV, streaming and other areas.

The all-stock deal will give the new entity, Eros STX Global Corporation, a “revamped” capital structure, according to the official announcement. Key elements of that funding include $125 million of incremental equity from new and existing STX Entertainment equity investors TPG, Hony Capital and Liberty Global and a $350 million JP Morgan-led credit facility. On a pro forma basis, revenue for Eros STX in 2019 is $600 million.

STX Merges With India’s Eros International, Forming New Public Media Company
 
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