Sunday, October 25, 2020

STRUGGLING RELATIVITY FINDS WHITE KNIGHT

January 6, 2012 by · Leave a Comment 

Supermarket billionaire Ron Burkle, who has been seeking to establish a beachhead in Hollywood, may finally have done so. He reportedly has acquired a 25-percent stake in Ryan Kavanaugh’s struggling Relativity Media from Elliot Management for an undisclosed price. The Los Angeles Times observed today (Friday) that Elliot’s stake in Relativity is worth about $150 […]

MIRAMAX BIDDER MUST PUT UP $40 MILLION BY WEDNESDAY

July 27, 2010 by · Leave a Comment 

With questions still up in the air over whether a group headed by construction magnate Ron Tutor will actually be able to come up with the $675-700 million that it reportedly has offered the Walt Disney Co. to buy Miramax, Disney has demanded that the group make a nonrefundable $40-million down-payment on the deal by […]

IS MIRAMAX — AT LAST — SOLD?

July 9, 2010 by · Leave a Comment 

The Walt Disney Co. has reached a tentative deal to sell Miramax Films to an investment group led by Ron Tutor (formerly referred to as an investment group led by David Bergstein), published reports said today (Friday). Tutor is a construction executive principally backed by Colony Capital. Today’s Los Angeles Times said that the group […]

ANOTHER TAKE ON COLLAPSE OF WEINSTEIN-DISNEY TALKS

May 27, 2010 by · Leave a Comment 

Ron Burkle, the billionaire investor who was leading the negotiations to buy Miramax from the Walt Disney Co. and put it back in the hands of Bob and Harvey Weinstein to manage, reportedly cut his offer to $565 million from $625 million last week, leading Disney to end further negotiations with him and his group, […]

REPORT: “COMPLICATED” RELATIONSHIP KILLED MIRAMAX DEAL

May 26, 2010 by · Leave a Comment 

The collapse of negotiations between the Walt Disney Co. and the Weinstein Brothers for the sale of Miramax is being attributed to the complicated financial relationship between the Weinsteins and their principal backer, billionaire Ron Burkle. According to TheWrap.com, the legal issues involved in setting up a new company to oversee Miramax proved to be […]

DISNEY ENDS TALKS WITH WEINSTEINS OVER MIRAMAX

May 25, 2010 by · Leave a Comment 

Just when it appeared that a deal for Harvey and Bob Weinstein to buy back Miramax, the company that they founded, from the Walt Disney Co. was just lacking i’s to dot and t’s to cross, the Wall Street Journal reported today (Tuesday) that the deal had collapsed. Citing people familiar with the matter, the […]