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On August 20 2004 it was announced that  Ronald Perelman  's  MacAndrews Forbes Holdings  company would buy 70 % of AM General from Renco .
 founded by: Ronald Perelman, MacAndrews Forbes Holdings
Given a phrase that describes the relationship between two words, extract the words and the lexical relationship between them. The output format should be "relation1: word1, word2; relation2: word3, word4". 
Option: cities of residence, top members employees, members, alternate names, origin, state or provinces of residence, title of person, spouse, city of headquarters, NA, founded by, state or province of headquarters, employee of, countries of residence, country of birth, founded, subsidiaries, country of headquarters 
Text: {0} 
Answer:
 founded by: Ronald Perelman, MacAndrews Forbes Holdings