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Miramax Bidder Raises Offer, Expects Disney To Decide Soon

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Miramax Bidder Raises Offer, Expects Disney To Decide Soon Empty Miramax Bidder Raises Offer, Expects Disney To Decide Soon

Post  summersun Fri Apr 16, 2010 1:36 am

David Bergstein, a HollywoodCriminal minds financier advising Criminal minds dvdan offshore company criminal minds dvd seasonin its bidding forcriminal minds episode Walt Disney Co.'s (DIS)Criminal minds series dvd Miramax film library,Criminal minds dvd collection said Thursday that his group raised its cash offer slightly from $650 million, as a finalcriminal minds season 5 decision appears near.criminal minds season 4Bergstein is considered an criminal minds tvunlikely buyer of Miramax by some because Curb Your Enthusiasm complete serieshe is facing litigation over a number of entities recently forced into bankruptcy Seinfeld complete seasonby creditors, but he said those issues won't affect hisCSI Las Vegas complete season companies, such as Pangea Media Group, or his bid. His groupMedium season includes construction magnate Ronald N. Tutor, two other investors and an offshore company csi miami box setthat he declined to identify.Disney, Disney dvd collectionwhich is selling Miramax as part of a revamping of its film business afterDisney box set a slump, is reportedly trying to get $700Michael Jackson DVD Collection million for the asset, but a downturn in DVD sales has left investors questioning the value of film libraries.A recentMichael Jackson Ultimate dvd Collection auction for Metro-Goldwyn-MayerThe shield dvd season Inc. garnered bids from suitors, such as Time Warner Inc. (TWX), that Grey's Anatomy dvd seasondisappointed the troubled studio's creditors, and itsCurb Your enthusiasm dvd seasons management has recently entertainedget smart complete series proposals to keep it independent."I think Disney is trying tothe west wing complete series get as much as they can for Miramax," Bergstein said, Bones dvd seasonadding that he expects Disney to make a decision on the bids by Friday. He declined to specify how highbuffy the vampire slayer complete series his offer was."If they don't make a decision, it becomes a situation ofBuffy the Vampire slayer dvd diminishing returns at some point," hestargate atlantis dvd said.Jonathan Friedland, a spokesman for Disney, declined six feet under complete seriesto comment on the process.Bergstein saidThe Wire box set Disney, which is entertaining only cash offers, is retaining some Miramax assets in the deal, such The Sopranos complete series dvdas the rights to the Boston Legal box setupcoming animated film release "Gnomeo Sons of anarchy dvd seasonand Juliet." He said those assets are worth at least $100 million, which his group has accounted for in itsMonk dvd season offer.It isn't clear who is the leading bidder for Miramax at this point.The Closer dvd season People familiar with the process said Alec and Tom Gores, whoMad men dvd season run investment firms Gores Group and Platinum Equity,MacGyver complete series respectively, recentlybleach box set raised their bid of $550 millionsix feet under complete series to an unspecified amount. the simpsons complete seasonNeither man could be reached for comment.A third bid comes from film magnates Bob and Harvey Weinstein in a true blood dvd season partnership with supermarket mogul Ronmash complete series Burkle's Yucaipa Cos. and cold case box setthe New York investment firmsopranos complete series Fortress Investment Group LLC (FIG).Aone tree hill dvd season spokeswoman for Weinstein Co. declined to comment.The Weinsteins' bid could be favored because glee season 1 dvd box setof their outsized influenceMerlin series dvd in Hollywood and longstanding relationship with Merlin box setDisney and Miramax."Miramax is more valuable to Harvey [Weinstein] than others because he alreadydollhouse dvd season controls the rights to some rome series dvdof the franchises in the MiramaxHomicide: Life on the Street dvd library," Bergstein said, but he added that Weinstein Co. has cut much of The Vampire Diaries dvd releaseits staff recently due to financialThe Prisoner complete series issues, and the firm's equity holders andJAG dvd season creditors "can't be happy if they gofather ted box set off with Ron Burkle and buy another asset."
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summersun

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