WSJ: Relativity looks to crash Disney's bid for Maker

|By:, SA News Editor

Relativity Media has offered to buy Maker Studios for up to $900M in stock despite the YouTube content provider agreeing to sell itself to Disney (DIS), the WSJ reports.

Relativity,  a mid-sized film and entertainment company, is bidding $500M up front and $400M in milestones. Relativity is also proposing a $100M "bonus pool" to Maker's "key talent and executives."

Disney, though, is offering $500M in cash and $450M in additional payouts. A source said he believes that the companies have a binding agreement and so the Relativity offer would have no effect. Maker's shareholders are due to vote on the bid tomorrow.