MIRAMAX BIDDER MUST PUT UP $40 MILLION BY WEDNESDAY

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 […]

WEINSTEINS LOSE BACKER FOR MIRAMAX BID

Any thread of a chance that Bob and Harvey Weinstein might be able to buy back Miramax studio from Disney appears to have broken with a report from the New York Post that their principal backers, Fortress Investment Group, have pulled out of the negotiations. Citing a source with direct knowledge of the negotiations, the […]

IS MIRAMAX — AT LAST — SOLD?

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 […]

REPORT: “COMPLICATED” RELATIONSHIP KILLED MIRAMAX DEAL

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 […]

MARK CUBAN MAY SUE WEINSTEINS OVER “THE ROAD”

Even as Bob and Harvey Weinstein, together with their financial partner Ron Burkle, were focusing their attention on finalizing a deal to buy Miramax, they were being nettled by billionaire investor Mark Cuban, conducting himself the way he often does behind the players’ bench when his Dallas Mavericks basketball team is playing. Cuban is upset […]