Bidding for Relativity Media is expected to be mutedSeptember 26, 2015 – Article
Bids for Relativity, founded in 2004 by Kavanaugh, came due Friday, though no details were revealed about possible buyers (some could emerge at a New York court hearing Monday). None of the bids are likely to top the $250-million starting price offered by a group of Relativity's creditors in August, according to investment bankers and bankruptcy law experts watching the case.
"The number of objections that have been filed is pretty significant," said Brian Davidoff, an attorney at Greenberg Glusker Fields Claman & Machtinger.
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