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Najafi Companies Reaches Deal to Buy STX, Ending Merger With Eros

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Brent Lang Executive Editor of Film and MediaThe troubled marriage between STX Entertainment and Eros is dissolving.The Najafi Companies announced Tuesday that it has reached an agreement to acquire the studio behind “Bad Moms” and “Hustlers” from Eros STX Global Corporation.

The transaction is expected to close by the end of January 2022.As part of the deal, an affiliate of Najafi will acquire STX Entertainment through the purchase of all of its issued and outstanding shares of common stock.

Najafi has partnered with The Forest Road Company. Shares of ErosSTX were trading at less than 40 cents. The company has been threatened with delisting because of its depressed share price.

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