Eros merges with Hollywood producer STX Entertainment in bid to go global

It's an all-stock deal, newly-formed entity Eros STX Entertainment Corp sees $125 million in PE Funding

Bollywood film producer Eros International, which is traded on the NYSE, merged with independent media player STX Entertainment in an all stock-deal, officials with Eros announced, in a first for a Bollywood player. 

California-based STX, which recently made the Matthew McConaughey-starrer The Gentleman, and Hustlers with Jennifer Lopez, recently described itself as a global entertainment company that is strategically positioned to maximise content worldwide with a direct passage into the Chinese market. 

Kishore Lulla, chairman of Eros International, said "Yhe merger gives the new company an innovative global platform on which to bring in new content from across the world