Eros Sells STX Entertainment to Najafi Companies for $173M

The Indian movie major is parting ways with STX after a 2020 merger.

, the indie studio led by Robert Simonds, to an affiliate of the Najafi Companies for $173 million.

The deal, which includes STX Entertainment needing to repay $148 million in debt, follows STX Entertainment and Eros completing a stock-for-stock merger, to form Eros STX Global Corp. in 2020. The Najafi Companies is a private investment company with holdings in consumer, media, talent-driven brands, e-commerce, tech and sports.

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