The Walt Disney Company is getting closer and closer to coming to an agreement to sell it’s film studio Miramax. Currently billionaire Ron Burkle is set to buy the company for $625 million and then let the original founders of the company, Harvey and Bob Weinstein would run the company again.
If this deal goes through Harvey and Bob would not hold an equity stake in the company, but they would receive pay and bonuses for overseeing the studio and the film library.
However, problems may arise because Mark Cuban, billionaire owner of the Dallas Mavericks basketball team, told Bloomberg News that he wants to stop Harvey and Bob from being a part of buying Miramax.
Cuban invested $1.2 billion to the Weinstein Company to produce a number of films, but now he doesn’t seem as invested interest-wise in the company:
I am having some issues with the Weinstein Co. right now. Bob and Harvey have historically worked with our companies to resolve these issues. I’m hoping the same applies here. If not, my position will certainly change.
Because of his “issues” with the company, Cuban is planning on trying to keep Bob and Harvey from getting near the company again – meaning he may buy it up before they can.
We’ll keep you posted.
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