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STX Separating From Eros As Najafi Companies Enters Agreement To Acquire Hollywood Studio

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STX Separating From Eros, As Najafi Companies Takes Over Hollywood Studio

makes investments across the consumer, retail, ecommerce, sports, media, and technology spaces. Najafi is also the partial owner of the Phoenix Suns and is the NBA team’s Vice Chairman. The Iranian American businessman also has stakes in McLaren Racing, StubHub, Tracee Ellis Ross’ Patten Beauty and Scarlett Johansson’s new skincare line which is coming to market next year among many other companies.

Lazard will remain aboard as STX’s financial advisor, and will continue to field any other offers for the seven-year studio, which Najafi can counter offer over the next 45-days.

 

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