The film and TV studio, backed by Tencent, PCCW, Liberty Media and Madison Wells, has secured at least $100m in equity funding as part of a $700m equity and debt round.
STX Entertainment, the US-based film and television studio backed by internet group Tencent and information and communications technology provider PCCW, has raised $700m in debt and equity financing, Los Angeles Times reported yesterday.
Private equity firm Hony Capital and TPG Growth, a subsidiary of private equity group TPG, co-led the round according to an internal memo by STX’s chief financial officer, Andrew Warren. The equity portion was undisclosed but is higher than $100m.
Founded in 2014, STX has produced a…
