Eros International Media’s (EIML) parent company - Eros International Plc (Eros) anticipates entering into a definitive agreement to acquire control of B4U Television Network (B4U), the global Bollywood television network. Eros will acquire approximately 76% of B4U it does not currently own, for a cash and share consideration of $53.1 million.
B4U is a global television network that provides Indian programming across two digital television channels, B4U Music and B4U Movies. B4U is available in more than 100 countries, including India, the UK, US, Canada and countries in the Middle East and Africa.
Eros International Media is a part of the Eros Group., which has an extensive film library and is in the business of sourcing Indian and other film content and exploiting it worldwide through its offices in India, UK, USA, UAE, Singapore, Australia, the Isle of Man and Fiji across formats such as theatres, home entertainment, television and digital new media.
