The Fight Over Miramax

May 22, 2010   //   by newmedici   //   Innovators, Reelist  //  No Comments

miramax-mosaicHarvey and Bob Weinstein want to buy back Miramax, their parents’ namesake film catalog which they sold to Disney during the Eisner years for $80M.

With Ron Burkle’s Yucaipa and Fortress Financial backing them, the Weinstein’s had entered into an April exclusive buy with Disney for $625M.

However, Disney is reportedly reopening the bidding, including the Gores’ Platinum Equity Group.

Via LAT: The Weinsteins and Burkle had been in exclusive negotiations with Disney after beating out two other bidders in April: investor brothers Alec and Tom Gores and an offshore entity organized by troubled financier David Bergstein and his partner, construction magnate Ron Tutor. It’s believed that Disney plans to approach the Gores about restarting talks. Read more >>

Recent Posts

Tags

AOl Apple Arianna Huffington Barry Diller Bill Gates Bob Iger Boxee brands BusinessWeek CAA Demand Media Disney Endeavor Eric Schmidt Facebook Fox Gawker Google Groupon Harvard Huffington Post Hulu innovation Larry Ellison Larry Page Lionsgate Mark Zuckerberg Microsoft MRC MySpace Netflix Obama Oprah Robert Tercek Rupert Murdoch social media Sony Steve Jobs studios Sumner Redstone Twitter venture capital Wii Yahoo! Youtube

Categories

Archives