The report said talks between Disney and the Weinsteins fell apart Monday due mostly to the complex structure of their $625 million bid, backed primarily by Los Angeles billionaire Ron Burkle.
Details »Disney ends talks on Weinsteins' Miramax bid
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$600 Million Bid Offered for Disney's Miramax: Billionaire Investor Partners to Make the Move
It’s been rumored by entertainment executives that Disney was asking for $650 million to acquire their Miramax division. The latest bid by billionaire investor Ron Burkle, teamed up with movie producers Bob & Harvey Weinstein, has become the closest to that asking price offering a stiff $600 million bid.
Details »Ron Burkle in talks with Weinsteins as Disney pushes back bids for Miramax
Once again Walt Disney Co. has pushed back the deadline for submitting bids to acquire the specialty label Miramax Films to April 5, according to people with knowledge of the situation.
As the deadline approaches, one prospective bidder has dropped out: Washington Redskins owner Daniel Snyder
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Disney To Auction Off Miramax Studios | Benzinga.com
Bidders are estimating to pay around $700 million for the studio property. Disney has already closed Miramax’s offices in New York and Los Angeles and has laid off 80 people. Disney seems to be in a cash crunch as it has already delayed and scaled back its scheduled releases.
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Summit Expressing "Very Preliminary" Interest In Miramax Name & Film Library | Deadline.com
Disney's Miramax is shutting its doors today, and staffers are packing up their belongings. Yet the big question in Hollywood is who will walk away with the company's name and film library? Our Deadline.com already reported this week that the Weinsteins Want Miramax Name Back.
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