It's finally, nearly, just practically ... over!
I'm told by two individuals close to the negotiations that the deal for Ron Burkle and the Weinstein brothers to buy the Miramax library from The Walt Disney Company is very close to finished, and will likely be announced on Monday or Tuesday. (One source said Friday, but the others do not think that will hold.)
A new draft proposal was presented to both sides on Thursday evening after three full weeks of exclusive negotiating. The negotiation windows keep getting extended as the lawyers find more things to bicker about.
"The deal is not done. But we are very close," said one person close to the process.
I'm going to bet on Monday, but of course all this could shift with a last-minute snag. Oh come on, I'll take a leap: Monday.
rwt(this,'','','res','6','AFQjCNGVkDT59jTIaHUjewz3iljzrjUlHw','&sig2=LdMEewPLhj4mjC9r2EGHhw','0CDMQFjAF')">Weinsteins Circle Back to Buy Miramax From Disney
rwt(this,'','','res','4','AFQjCNGne5If03ku7zHVXGpz3l3VnPyVyQ','&sig2=Wb-M0cdJEqLwB7vfj-y8ng','0CCcQFjAD')">Exclusive: The Weinsteins Negotiate Window to Buy Miramax
rwt(this,'','','res','8','AFQjCNGqn2ZOJ-OifYFX7zg99HPFoxXiLA','&sig2=BtIuI0x2vAo0AqYBnLv5Mg','0CD8QFjAH')">Miramax Update: Deadline Extended, Deal by Monday?
rwt(this,'','','res','10','AFQjCNH47orOz_eVTPUuKjJx3Jck0Lda6Q','&sig2=qqMbCf0VIs_J6odUyrF8_Q','0CEcQFjAJ')">Late Nights at Disney Over Miramax: At $625M, Deal Close to Done