EXCLUSIVE: Relativity Media CEO Ryan Kavanaugh says today that he and some financial backers have amassed the resources needed to maintain control of all of his company’s operations except for television.
Meanwhile, a creditor group that includes Anchorage Capital, Falcon Investment Advisors, and Luxor Capital separately announced what it disclosed yesterday in a filing at the U.S. Bankruptcy Court — that it was the highest bidder for Relativity Media’s television operation. The group, known in the case as the Stalking Horse Bidders, offered $125 million for the unit after withdrawing its $250 million bid for the entire company.
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