Disney Said to Extend Deadline for Miramax Bids

0

Once again Walt Disney Co. has pushed back to Monday the deadline for bidders making offers to acquire the specialty label Miramax Films, according to people with knowledge of the situation.

Among potential bidders are Miramax founders Bob and Harvey Weinstein, who sold the company to Disney in 1993, as among the remaining potential bidders. The brothers are in talks with a number of possible financial partners, including supermarket magnate Ron Burkle, who runs the Yucaipa Cos. investment firm, said three people familiar with the matter.

Brothers Alec and Tom Gores, who run separate investment firms, are joining together to submit a bid for Miramax’s library, which boasts Oscar winners such as “Shakespeare in Love,” “The English Patient” and “Chicago.”

• Read the full Los Angeles Times story.

No posts to display