Disney Sells Miramax To Investor Group For $660M

Law360, New York (July 30, 2010, 11:27 AM EDT) -- The Walt Disney Co. agreed Friday to sell Miramax Films for $660 million to a group including construction mogul Ron Tutor and private equity executive Tom Barrack, ending a protracted bidding war for the former indie movie powerhouse.

The price, which is subject to certain adjustments, give Filmyard Holdings LLC the rights to more than 700 films, including Academy Award winners "Chicago," "Shakespeare in Love" and 2007's "No Country for Old Men." The deal also includes some development projects, options for certain books and the studio's...
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