Rob Lowe is involved in a bid to buy Miramax Films with Tom Barrack's real estate investment firm Colony Capital.
The 'Brothers & Sisters' actor has been linked to a deal by Tom Barrack's Colony Capital, which is among a number of bidders for the production company, responsible for movies including 'The Queen' and 'No Country for Old Men'.
An insider revealed to the New York Post: "It's fair to say Lowe's a friend of Colony and he'll be involved in some larger sense. They value his opinion and he has ideas."
Talks with Harvey and Bob Weinstein - who co-founded Miramax and are responsible for the release of films such as 'Pulp Fiction' and 'Shakespeare In Love' - have faltered, meaning Colony has taken the lead in discussions, which may conclude in the next few days.
Colony is said to have considered placing a bid of between $600 million and $700 million for the company, while the Weinstein's earlier bid was thought to be around $550 million.
According to TMZ, Lowe, Barrack and construction mogul Ron Tutor plan to turn Miramax into a "multi-platform media company, similar to Dreamworks".