Saturday, July 10, 2010

Disney to sell Miramax for $675M

According to blog The Wrap, Disney has reached a deal with real estate billionaire Ronald Tutor and his partners Morgan Creek, Colony Capital, and David Bergstein to sell Miramax for $675 million. The agreement is expected to be singed by the end of July and the sale price is to include $250 million in accounts receivable and $50 million in current cash holdings.

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