Bloomberg: Ron Burkle Buying Relativity Media Stake From Elliott Management

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Ex-Relativity Media President Michael Joe Leaves Elliott

Bloomberg is reporting that billionaire Ron Burkle has agreed to buy Elliott Management Corp’s minority stake in Ryan Kavanaugh’s Relativity Media, citing two people with knowledge of the situation. “The sale price was in the hundreds of millions of dollars, said one person, who declined to be identified because the deal hasn’t been announced. No comment from either Elliott Management or Relativity. Deadline has its own story in the works.

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