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EROS - Eros International News Story

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Sector
Consumer Cyclicals
Size
Small Cap
Market Cap £292.9m
Enterprise Value £471.9m
Revenue £119.1m
Position in Universe 3193rd / 6376

India's Eros International to merge with STX Entertainment

Fri 17th April, 2020 8:37pm
April 17 (Reuters) - Eros International Plc  EROS.N  said on
Friday it would merge with U.S.-based privately held media
company STX Entertainment, sending the Indian movie producer and
distributor's shares up nearly 50%.      
    The combined company, Eros STX Global Corp, will remain
listed, with headquarters in both Mumbai, India and Burbank,
California, the companies said in a statement.

 (Reporting by Ayanti Bera in Bengaluru; Editing by Anil
D'Silva)
 ((Ayanti.Bera@thomsonreuters.com; within U.S.+1 646 223 8780,
outside U.S. +91 80 6749 3401;))
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