A consortium led by Emirates-based technology and investment group e& has agreed to acquire a majority equity stake in SVOD and streaming platform Starzplay Arabia.
The group, including e&’s E-Vision and Abu Dhabi-based investment and holding company ADQ, is taking approximately 57% of the Middle East and North Africa service provider.
The consortium will acquire the controlling stake based on a post-money valuation of $420 million, while also investing E-Vision’s existing stake and secondary investments to join the other existing shareholders, including Starz and SEQ Investors.
Starz and Lionsgate will maintain commercial agreements for content licensing to the venture. The transaction remains subject to regulatory approvals and certain administrative procedures.
Read more on deadline.com
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