Summit Entertainment has pulled out of the bidding for the Walt Disney Company’s Miramax Films.
Summit has refused to comment on their reason for pulling out of the running to gain ownership of Miramax, however, sources are saying that the Walt Disney Company is asking over $650 million for the movie company, which was originally purchased in 1993 by Bob and Harvey Weinstein for $80 million.
Word is that there are still a number of studios interested in purchasing Miramax. We’re sure we’ll hear more about this deal shortly.
Related News:
- Walt Disney Company Pushes Back Deadline For Miramax Films bidding
- Will Bob And Harvey Weinstein Be Running Miramax Again?
- Is Lions Gate Entertainment Buying Walt Disney Company’s Miramax Studios?
- The Walt Disney Company Is Looking To Sell Miramax Films
- Walt Disney Company Selling Miramax
- Disney’s Miramax Deal Is Not Final
- Miramax Films Goes Out Of Business
