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Blackstone-Backed Disney Vets Said Close to Buying ‘Fauda’ Team

Former Walt Disney Co. executives Kevin Mayer and Tom Staggs are close to acquiring Israeli TV producer Faraway Road Productions, according to people familiar with the transaction, part of a plan to supply the booming streaming-video industry with more shows.

The pair are building a new media company with funds from money manager Blackstone Inc. The purchase price is less than $50 million, one of the people said.