Donald John Trump (born June 14, 1946) is the 45th and current president of the United States. Before entering politics, he was a businessman and television personality. Trump was born and raised in the New York City borough of Queens, and received a bachelor's degree in economics from the Wharton School. He took charge of his family's real-estate business in 1971, renamed it The Trump Organization, and expanded its operations from Queens and Brooklyn into Manhattan.
The company built or renovated skyscrapers, hotels, casinos, and golf courses. Trump later started various side ventures, mostly by licensing his name. He owned the Miss Universe and Miss USA beauty pageants from 1996 to 2015, and produced and hosted The Apprentice, a reality television show, from 2003 to 2015. Forbes estimates his net worth to be $3.1 billion.
STX Entertainment, a subsidiary of the troubled, merged entity Eros STX, is in exclusive talks to be sold off to a third party.Eros STX confirmed the discussions today in a press release.
Its stock, which began trading on the New York Stock Exchange last year, has dropped nearly 35% today on heavy trading volume.
Since the summer, it has slipped below $1 a share, triggering a review by the Securities and Exchange Commission that could ultimate lead to a delisting.Lazard has been brought in as a financial advisor to steer the sale process.
Meanwhile, STX has also negotiated an extension of its credit agreement to give itself more time to satisfy repayments of $127 million in debt.
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