Lionsgate Sets Sights On Miramax

Lionsgate, which has already shown interest in acquiring MGM, is about to switch its attention to smaller fry -- Miramax, which Disney has placed on the market for a reported price of $700 milliion, the New York Post reported today (Monday), citing sources inside or close to Lionsgate. The newspaper observed that while rival studios "pursue the bigger fish, [MGM]," Lionsgate might wind up being the only bidder for Miramax, and a direct deal with Disney would be far easier to negotiate than one with the five owners and more than 100 creditors who must approve any MGM deal, the Post noted. It said that Lionsgate is not likely to bid $700 million at first because it would risk upsetting its principal stakeholder, activist investor Carl Icahn, who has previous chastised the studio's principal executives for their tactics in previous negotiations.

08/02/2010


Contactmusic

Tags: Disney - Miramax


Editors Recommendations

MS MR Admit They're 'Natural Performers' As They Enjoy 2014's Festival Season

Some bands are worth getting excited about and, with the festival season well under way...

MS MR Admit They're 'Natural Performers' As They Enjoy 2014's Festival Season

Miley Cyrus Forced To Cancel More 'Bangerz' Tour Dates As She Remains Hospitalized

Miley Cyrus is still receiving hospital treatment for "severe allergic reaction...

Miley Cyrus Forced To Cancel More 'Bangerz' Tour Dates As She Remains Hospitalized

Peaches Geldof Will Be Laid To Rest In Same Church As Late Mother

Peaches Geldof, who suddenly died at the beginning of this month (April 7th)...

Peaches Geldof Will Be Laid To Rest In Same Church As Late Mother

Gwen Stefani To Step In For Christina Aguilera On "The Voice"

We never would have pegged Gwen Stefani as the reality talent panelist type...

Gwen Stefani To Step In For Christina Aguilera On

Bryan Singer Announces Alibi, But It Won't Help "X-Men" Marketing

As X-Men director Bryan Singer is gearing up for his defense case, which he will have...

Bryan Singer Announces Alibi, But It Won't Help

Prince To Release New Album With New Warner Bros. Records Partnership

Prince and Warner Bros, Records seem to have put their differences aside...

Prince To Release New Album With New Warner Bros. Records Partnership

Lindsay Lohan's Ex List Was Actually A Step In Her Recovery

Lindsay Lohan really did write down her now infamous list of lovers, which has been...

Lindsay Lohan's Ex List Was Actually A Step In Her Recovery

'Mrs. Doubtfire' Cast Reluctant For Sequel: A Cash Cow For Robin Williams?

The news that a Mrs. Doubtfire sequel is definitely in the works 21 years after the 1993...

'Mrs. Doubtfire' Cast Reluctant For Sequel: A Cash Cow For Robin Williams?

Music Fans Crown Ozzy Osbourne And Lady Gaga "Hardest Artists To Understand"

Music fans have named Lady Gaga, Miley Cyrus and Rihanna in their top ten hardest...

Music Fans Crown Ozzy Osbourne And Lady Gaga


More recommendations

Comments

Disney Newsletter

Subscribe to this news alert service to receive news and reviews on Disney

Unsubscribe | Unsubscribe All