STX merges with Eros International: Variety

STX Entertainment, a next-generation media company, is merging with Eros International, an India-based film studio, reported Variety.

STX Entertainment, a next-generation media company, is merging with Eros International, an India-based film studio, reported Variety. The newly combined company is named Eros STX Global Corporation. TPG, Hony Capital and Liberty Global are among the investors that provided $125 million to back the transaction, with JP Morgan leading a $350 million credit facility.