Disney to sell Miramax for more than $660 mln
News — By FTR News on July 30, 2010 at 2:14 pm
* Tutor/Colony team to buy Miramax * Deal includes rights to more than 700 film titles * Agreement caps months of stop-and-go talks * Focus on library; no current production plans - source (Add more background, NEW YORK dateline, additional byline, share price) By Susan Zeidler and Megan Davies LOS ANGELES/NEW YORK, July 30 (Reuters) - Walt Disney Co has struck a deal to sell Miramax, the studio behind such films as “Trainspotting” and “No Country for Old Men,” for more than $660 million to a group that includes construction magnate Ron Tutor and investment firm Colony Capital LLC. The deal marks the culmination of a drawn-out sale that attracted star-studded bidders, including the Weinstein…
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