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Fly News Breaks for August 7, 2017
EROS
Aug 7, 2017 | 10:08 EDT
Wells Fargo analyst Eric Katz noted that media reports indicate Eros (EROS) is said to be in talks to possibly sell its library of film rights, and possibly its over-the-top streaming service, to Apple (AAPL), Amazon (AMZN) or Netflix (NFLX). A media report also claims the company could be looking to "reverse merge" its NYSE-listed entity into is Indian-listed subsidiary. Both moves would make sense, said Katz, who keeps an Outperform rating on Eros share, which are up 23% to $10.10 in early trading.
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