Walt Disney approves sale of Miramax Studios
The Walt Disney Company has approved the sale of Miramax and its movie library for $ 650 million. According to The Hollywood Reporter, the main buyers will be financier Ron Tutor and the investment fund Colony Capital, which will pay $ 300 million each. Another 50 million will be contributed by minority shareholders, including, in particular, `` an anonymous investment company from the Middle East. '' However, they dropped out of the fight because they could not raise the required amount. Miramax was created by the Weinstein in 1979. It was bought by Walt Disney in 1993, and the Weinsteins themselves left it in 2005. The Topic of Article: Walt Disney approves sale of Miramax Studios. |
