David Bergstein and his backer Ronald Tutor are closing in on a deal to buy Miramax this week, TheWrap has learned.
A deal could be finalized as soon as this Thursday, according to one knowledgeable individual, adding that Tutor and the two other equity partners were prepared to purchase the Miramax library with no significant debt financing.
If the deal does close, it will be the end of a six month effort by The Walt Disney Company to sell the prestigious arthouse division with a 700-film library, but which had shrunk to a shadow of its glory days.
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