Why Shares of Eros International Are Soaring Today [The Motley Fool]
EROS INTL PLC (EROS)
Last eros intl plc earnings: 11/15 07:45 am
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Source: The Motley Fool
The Indian film company is reportedly in early talks to sell its content library to one of three U.S. tech giants. Timothy Green ( TMFBargainBin ) Aug 7, 2017 at 12:34PM What happened Shares of Indian film producer and distributor Eros International ( NYSE:EROS ) surged on Monday following a report that the company was in early talks with Apple , Amazon , and Netflix to sell its film and music library. Eros stock was up 24% at 11:30 a.m. EDT. So what Reuters is reporting that Eros is in discussions to sell its extensive content library, comprised of music and more than 3,000 Indian films. A deal could be worth roughly $1 billion, about twice Eros' market capitalization prior to today's news. Shares of Eros had tumbled nearly 80% since peaking in mid-2015 through market close on Friday, with the latest drop in late July due to a weak ea
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