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Carl Icahn, Carlos Slim Reportedly Interested in Relativity Media

7/30/15 2:59 PM EDT
Relativity Media, the struggling studio behind films like Zach Galifianakis, Kristen Wiig movie 'Masterminds,' is reportedly attracting the interest of billionaires Carl Icahn and Carlos Slim. Relativity Media is expected to file for Chapter 11 bankruptcy, as it owes firms like hedge fund Anchorage Capital, Falcon Investments and Luxor more than $320 million. Now, Icahn and Slim, who is the chairman and chief executive officer of telecommunications companies Telmex and America Movil (AMX), are said to be prospective buyers, according to a report by the New York Post. Slim is already a backer of television company Ora TV, which features shows like 'Larry King Now' and 'Off the Grid With Jesse Ventura.' Slim is considered one of the wealthiest people in the world, with a net worth as of March 2015 estimated at $71.2 billion. Icahn has had an interest in the media and entertainment space in the past, seeking to buy Lions Gate Entertainment (LGF) in 2010. Relativity Media this week let more than 75 people go as it seeks to cut costs, according to sources cited by the Post, which also said that Metro-Goldwyn-Mayer, the Hollywood studio behind the James Bond franchise, could be another prospective buyer for the troubled company.
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