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Mesa Potential Bidder For Miramax Studios

Reuters, Friday, March 19, 2010 12:58 AM

Mesa Global, an investment banking firm co-founded by former Creative Artists Agency executive Mark Patricof, is a potential bidder for Walt Disney's Miramax film unit. No official comment, but various industry sources think the asking price -- more than $650 million -- is too high. Bids for MGM are also due Friday; Liberty Media dropped out of the bidding.

Platinum Equity Partners, a Beverly Hills investment firm headed by Tom Gores, is also expected to bid for Miramax, the independent company behind such art-house fare as "Pulp Fiction" and "No Country for Old Men." Weinstein Co, headed by Bob and Harvey Weinstein, who launched Miramax in 1979 and then sold it to Disney in 1993, would also bid, sources said. Disney bought Miramax for $80 million.

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deals, movies

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