‘Fboy Island’ producer STX Entertainment acquired for $173m by private equity firm
FBoy Island and Bad Moms producer STX Entertainment has been acquired by private equity firm Najafi Companies for $173m. STX, which had been struggling with debt following movies such as Uglydolls, revealed it had struck a definitive agreement for a $173m takeover with Njafi last year. Lionsgate then reportedly explored an acquisition, but that potential move […]