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Rob Lowe Creates Multi-Million Dollar Company

July 2nd, 2010 8:20am EDT favorite Add to My News

Rob LoweRob Lowe is on the fast track to becoming a media mogul - the actor is reportedly creating a company to invest in sports teams, distribution firms and multimedia.
 
The former "West Wing" star and Colony Capital chief executive Tom Barrack have teamed for a multimedia venture backed with $500 million, according to the New York Post.
 
The new company will reportedly have a portfolio within California-based Colony Capital to invest in sports teams, distribution firms, television networks or online properties.
 
A source tells the newspaper the deal is "pretty far along."
 
Representatives for Lowe and Barrack had no comment as WENN went to press.

See more photos of Rob here!

Rob Lowe

Photo Credits: PR Photos


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