Indian movie producer Eros International Plc is merging with privately-held US filmmaker STX Entertainment in an all-stock deal that brings together Bollywood and Hollywood.
NEW YORK: Indian movie producer Eros International Plc is merging with privately-held US filmmaker STX Entertainment in an all-stock deal that brings together Bollywood and Hollywood.
The combined company, to be known as Eros STX Global Corp, will be publicly traded and have a valuation of more than US$1bil, including debt, according to people familiar with the details, who asked not to be identified as the matter is private.
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