MUMBAI/HONG KONG: 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 $1 billion, including debt, according to people familiar with the details, who asked not to be identified as the matter is private. Eros’s New York-listed stock jumped as much as 77%, and closed a US$3.05 in New York.