Founder’s stake in Entrepreneur Group sold.

Barry Rupp, Peter Shea, and Reinhold Phahler purchased a 60% stake of Los Angeles-based Entrepreneur Group Inc., the parent company of Entrepreneur Magazine, for more than $3.5 million from the company’s founder Chase Revel. The three businessmen are owners of Costa Mesa-based Stained Glass Overlay Inc., a company that manufactures a colored film that is pasted on windows to give them the appearance of stained glass. The exact purchase price was not revealed, but a spokesman said the group paid a “premium” over the recent market price of 25 cents a share for Revel’s 14 million shares.