Burkle acquires equity stake in Relativity Media
Billionaire Ron Burkle acquired an equity stake in Relativity Media LLC, the independent film and television studio led by Ryan Kavanaugh, his second investment in the entertainment industry this month.
Rupert Murdoch's News Corp. on Tuesday said it had bid £7.8 billion to buy the near 61-percent of British pay-television group BSkyB that it does not yet own.