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
Looks like Rob Lowe's
time away from the big screen has lead him in to some new endeavors. And we're not talking about his memoir hes been writing.
Feast your eyes one on the new owners of Miramax Films, so long as the deal gets closed today.
Sources report that Lowe and Tom Barrack have teamed up with Flavio Briatore and Giuseppe Cipriani (owner Cipriani's restaurant) to create "a multi-platform media company, similar to DreamWorks."
We wonder what movies this
joke of a dream team will come up with??
[Image via WENN.]
Tags: danny cipriani, deal, dreamworks, flavio briatore, miramax, tom barrack
After all that?!
The Walt Disney Co. has called off talks to sell Miramax to billionaire Ron Burkle for $625 million.
The deal would have also had the Weinstein brothers regain control of the movie division, but talks came to a halt after questions were raised about how The Weinstein Co. would benefit from the new arrangement and how they could manage both movie studios.
Now another set of billionaire brothers Alec and Tom Gores are in negotiations to acquire Miramax.
But that could fall through, too — we'll have to see what happens!
[Image via WENN.]
Tags: deal, disney, miramax, money, movie, negotiations, weinstein brothers
And it looks like they might be able to pull it off!
The Weinstein Company is poised to acquire Miramax from The Walt Disney Company after a meeting with Disney chief Bob Iger.
Harvey Weinstein met with Iger in an attempt to secure the deal to the tune of 600 million big ones — in cash!
Apparently Alec and Tom Gores from Platinum Equity and David Bergstein along with Deutsche Bank and a Saudi investor are also contenders for the purchase.
But everyone seems to think Weinstein will snag the company back that he founded with his brother 30 years ago.
[Image via Joseph Marzullo / WENN.]
Tags: disney, harvey weinstein, miramax