Looks like Disney may have finally reached a deal to sell Miramax.
The winning bidder goes to Los Angeles billionaire Ronald Tutor and his partners Morgan Creek, Colony Capital, and David Bergstein for a whopping $675 billion.
An insider says that "the deal is not done, but it's going to get done. We've agreed in principle."
Sources say that the deal will be complete by the end of July, which means Harvey Weinstein and his brother Bob will again be losing the company that they co-founded.
Disney apparently was looking for a higher selling price, but with Miramax going out of business last year, they've relied on selling the company's extensive movie library.
It seems like Disney just wants to finally end the deal and count their losses!
Tags: bob weinstein, deal, harvey weinstein, miramax, morgan creek, ronald tutor, sell