Relativity Media: Maker Studios

Maker Studios: Maker Studios said yesterday its board and a majority of shareholders approved the sale, which should close in a few weeks. The Culver City, California-based company also said in an e-mail that a judge in Los Angeles refused a request by some investors to block an investor vote, according to Bloomberg. We made a compelling offer and believe Maker Studios, its employees and its roster of talent would have greatly benefited from Relativitys platform, its entrepreneurial approach and promising growth potential, Relativity, based in Beverly Hills, California , said in a statement and Walt Disney Co. DISs $950 million agreement by buy Maker Studios was reaffirmed by the online video company, putting a quick end to a last-minute offer from Relativity Media LLC. Relativity, the independent film studio led by Ryan Kavanaugh, briefly raised the prospect of a bidding war for Maker Studios. It offered as much as $1.1 billion, mostly in stock, for the online supplier of videos to YouTube, before conceding defeat. Disneys terms included $500 million, along with $450 million in performance bonuses. (news.financializer.com). As reported in the news.