Weinstein’s Lose Miramax Bid

NEW YORK — The Walt Disney Co. has ended talks with Bob and Harvey Weinstein that could have led to their buying back Miramax Films, the Wall Street Journal reported Tuesday.
The paper cited sources as saying the $625 million deal, backed by Ron Burkle, turned out to be too complex.

The move opens the door for Disney to start talking to other suitors again, including to billionaire brothers Tom and Alex Gores. According to the Journal, the brothers are already in talks to buy Overture Films from Liberty Media for around $200 million.

A group of investors that includes financier David Bergstein also previously made an offer for Miramax.

SOURCE: THR

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