Deals
Burkle Said in Accord to Buy Relativity Media Stake From Elliott
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Billionaire Ron Burkle agreed to buy Elliott Management Corp.’s minority stake in Relativity Media LLC, the independent film studio run by Ryan Kavanaugh, according to two people with knowledge of the situation.
The sale price is in the hundreds of millions of dollars, said one person, who declined to be identified because the deal hasn’t been announced. Elliott, a New York-based hedge fund, will continue to hold a small stake, said one of the people.