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(Image from article: "Disney Sells Miramax to Investors")

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Disney Sells Miramax to Investors

Disney Sells Miramax to Investors

Walt Disney Co.'s $660 million sale of Miramax Films to a group of investors closed Friday, finally ending the drama in which the entertainment giant struggled to find a buyer for the art-house studio.

 

Icahn Sues Lions Gate

Carl Icahn sued Lions Gate over what he called a "reprehensible" debt-to-equity deal executed last week by the movie studio that reduced the activist investor's stake.

Senh: Another never-ending saga between Carl Icahn and Lions Gate. I'm sure glad that The Expendables was near completion when this whole takeover started. I'm not a fan of hostile takeovers.

 

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