Select Page

L.A. Biz: Relativity Media chairman and CEO Ryan Kavanaugh said he’s completed the acquisition of his bankrupt company. A consortium of investors will acquire the studio’s senior secured debut for $65 million in cash and $60 million in debt. A previously announced arrangement had the investor group, dubbed TJ, acquiring Relativity’s assets, sans its TV division, for $60 million in cash plus $30 million in debt.