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FX Real Estate and Entertainment Inc. (NASDAQ: FXRE), announced today that Robert F.X. Sillerman, the Company's Chairman and Chief Executive Officer, and The Huff Alternative Fund, L.P. and an affiliate, together a principal stockholder of the Company, have purchased a total of 4.97 million shares of the Company's common stock at $10 per share. Combined with the purchases made by Mr. Sillerman ...