By Dade Hayes Finance Editor STX Entertainment, founded in 2014 as a star-driven, movie-focused 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 what a press release described as a “revamped” capital structure, with $125 million of incremental equity from new and existing STX Entertainment equity investors TPG, Hony Capital and Liberty Global.
The company will also have a $350 million JP Morgan-led credit facility. The newly constituted management team will be led by Kishore Lulla as Executive Co-Chairman, Robert Simonds as Co-Chairman & Chief Executive Officer, Andrew Warren as Chief
Read more on deadline.com
Get the latest stars news and celebrity rumours with exclusive stories, photos, videos and interviews.
Breaking up, scandals, engagements, divorces, gossip – all you need to know about the private lives of your favorite celebs.
Get to know the latest showbiz news along with exclusive interviews and even more. All this is waiting for you on the main page 24 hours a day, 7 days a week! Who, where, when, with whom, how, why and for what!? Stay tuned to know first!
Just follow us daily and we will provide you with the current news from the life of famous stars and celebrities.
Owner: SNOWLAND s.r.o.
Registration certificate 06691200
Address:
Snowland s.r.o.
16200, Na okraji 381/41, Veleslavín, 162 00 Praha 6
Czech Republic
©2024. All rights reserved.