Friday, July 30, 2010

Disney Sells Miramax for a cool $660 Million

Walt Disney Co. has sold Miramax, Reuters reports. Filmyard Holdings LLC bought the film studio for more than $660 million, securing rights to Miramax hits like Shakespeare in Love and No Country for Old Men. Disney acquired Miramax for $80 million in 1993 from its founders, brothers Harvey and Bob Weinstein.

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