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of <h1>CCI Approves Merger of Eros, STX, and Marco for New Entertainment Entity; Detailed Order to Follow.</h1> The Competition Commission of India has approved a proposed combination involving Eros International Plc, STX Filmworks Inc, and Marco Alliance Limited. Eros Plc, a global Indian entertainment company, will merge an indirectly wholly owned subsidiary into STX, with STX as the surviving entity. Marco, controlled by HonyCapital, will subscribe to shares of the merged entity through the Hony Group. This transaction will allow Eros, STX, and Marco to acquire economic and voting interests in the combined entity. A detailed order from the CCI is forthcoming.
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