An investment vehicle controlled by billionaire Ronald Burkle announced Monday that it has purchased a “significant equity stake” in Relativity Media, the film production company behind such blockbusters as Bridesmaids, The Fighter, and The Social Network.
A press release announcing the transaction did not disclose financial terms of the deal, but Bloomberg reported earlier this month that a sale price was expected to be in the hundreds of millions of dollars. Burkle’s Yucaipa Companies is purchasing a minority stake in Relativity from New York–based hedge fund Elliott Management, according to media reports.
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