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RDF Media agrees $80 mil buyout deal


November 27, 2008 Television production company RDF Media, the creator of "Wife Swap" and "Faking It," said Thursday it had agreed terms for a 52 million pounds ($80 million) management buyout financed by reality king John de Mol's Cyrte Investments. Cyrte currently holds a 26.5% stake in RDF, while RDF's management team led by chief executive David Frank, holds 33.8%% of the company. RDF Media hit the headlines last year when a mis-edited clip from a royal documentary appeared to show the Queen storming out of a photo shoot with photographer Annie Liebowitz.

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