Weinsteins take back Miramax

Harvey and Bob Weinstein are frontrunners to acquire Miramax

Harvey and Bob Weinstein are the the frontrunners in the bidding to acquire Miramax the company that they founded, from the Walt Disney Co. after upping their offer to $600 million in cash.

According to reports, Harvey Weinstein and a representative of billionaire investor Ron Burkle met with Disney chief Robert Iger at Iger’s home over the weekend to try to seal the deal.

The New York Post quoted a source close to The Weinstein Co. as saying that they are still “in the trenches, behind closed doors.” Two other bidders remain in contention, Alec and Tom Gores, brothers who run two separate investment firms, Gores Group and Platinum Equity, and David Bergstein, an investor being chased by creditors who are trying to force him into bankruptcy.