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Film Producer Julio Caro Pleads Guilty to Embezzling $1.5 Million From Ron Burkle's Fund

Julio Caro, a manager and former producing partner of Jennifer Lopez, has agreed to plead guilty to embezzling nearly $1.5 million from billionaire Ron Burkle’s investment fund, federal prosecutors announced Friday. 309 more words

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Relativity Sports Reborn as Independent Sports and Entertainment

The sports agency that was once piece of the Relativity Media empire claimed rebirth and a new name Monday as it tried to set itself apart from its previously bankrupt parent. 317 more words

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Ron Burkle Commits $30 Million to Relativity Sports

In the continued fallout from the Relativity Media bankruptcy, supermarket magnate Ron Burkle announced Wednesday that he is committing $30 million to help expand Relativity Sports, where he said he will serve as chairman of the board. 490 more words

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Ron Burkle Puts $30M Into Relativity Sports

With the exit of Happy Walters from Relativity Sports, founding board member Ron Burkle (who is founder of The Yucaipa Companies) now will oversee it as Chairman of the Board and has committed $30M of growth capital to expand the Beverly Hills-based sports agency. 297 more words

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Ryan Kavanaugh's New Investment Group Bid For Relativity Still Faces Many Hurdles

An investor group backing Ryan Kavanaugh that includes supermarket magnate Ron Burkle, a subsidiary of the Elliott Associates hedge fund, and an obscure San Francisco Bay Area investment house are continuing to press their bid to purchase all but the TV operations of bankrupt Relativity Media, in a protracted auction that has no certain end point, according to two sources familiar with the situation. 897 more words

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Ron Burkle Joins Group That Could Keep Ryan Kavanaugh Atop Much of Relativity Media

In a surprising, 11th-hour development,  an investor group including supermarket magnate Ron Burkle has made a strong bid that could keep CEO Ryan Kavanaugh in control of much of bankrupt Relativity Media, the multimedia company he created — though without the television division that is viewed by investors as the company’s strongest asset, according to a source familiar with Thursday’s auction of the company. 607 more words

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