The brothers regain control of the company they founded in 1979
For months Disney has been soliciting offers for the recently closed specialty-film unit and its 611-title library.
Harvey and Bob Weinstein put together an offer of $600 million or so, with their goal to top bids from such rivals as businessmen Alec and Tom Gores and a more controversial one from Hollywood tycoon David Bergstein.
Backing the Weinsteins is Burkle's Yucaipa group, and hedge funds Fortress and Colbeck Capital. As it stands, Burkle and friends will be the official buyers, however the Weinsteins will effectively run the operation.
There is no word yet on when an official announcement will be made. Disney lawyers are still going over the financial details given by the Weinsteins on Thursday.
"No deal has been reached," stated a Disney spokesperson on Thursday night.
Comments (6)
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Rock
ahhhhhhhhh yeeeeeeeesssssssssssss I smell a Kill bill 1 and 2 special edition finally in the f*cking works
2 years agoby @elrochoFlag
knobie09
if only bob shaye had that very luck in getting back new line.
2 years agoby @knobie09Flag
Timmy
Go make watching a movie 2 Mushy!
2 years agoby @timmyFlag
Mushy
Yes, this could be good... however, they haven't been powerhouses with The Weinstein Company. Maybe their time has passed? If they can get back to some of the basics of the original company they can bring Miramax back. They certainly can't do any worse than Disney did with it when they left.
2 years agoby @mushyFlag
The Soylent Green Monkey
Yes!
2 years agoby @soylentgreen2Flag
Brian
Ha. Awesome.
2 years agoby @brianFlag