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I have been seeing articles the past few weeks now of people interested in buying Miramax. I think with this economy everyone is very leary about jumping in. What I thought was interesting in this article from Business Week was the makers of Twilight were interested as well:
Lions Gate Entertainment Corp., the maker of the “Saw” horror movies, is interested in buying Miramax, the film unit Walt Disney Co. is putting up for sale.
“It would be something that we would certainly look at,” Lions Gate Vice Chairman Michael Burns said today on a conference call.
Other potential bidders for Miramax include Summit Entertainment LLC, maker of the “Twilight” movies, and Qualia Capital LLC, a closely held media investment company, a person with knowledge of the situation said. Miramax is worth about $500 million, according to David Davis, managing partner at Arpeggio Partners LLC, an investment advisory firm.
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