Relativity Said to Offer $1.1 Billion for Maker Studios
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Relativity Media, producer of “The Social Network,” made a $1.1 billion offer for YouTube video supplier Maker Studios Inc., a person with knowledge of the matter said, countering Walt Disney Co.’s $950 million bid.
Relativity, the studio led by Ryan Kavanaugh, sent a letter to Maker Studios’ board today detailing its bid, said the person, who wasn’t authorized to speak publicly and requested anonymity. Terms include $525 million in cash and Relativity stock, $500 million more in cash and stock if performance targets are met, and $75 million in shares for key Maker executives, said the person,