Walt Disney (DIS) will enter into exclusive talks Monday to sell its Miramax film unit to Los Angeles construction magnate Ron Tutor and film financier partner David Bergstein, the Los Angeles Times reported Saturday.
Tutor and Bergstein were unavailable, while Disney (DIS) declined comment.
The newspaper quoted Tutor as saying the exclusive negotiating window would expire at midnight on June 17, but added that such deadlines were often extended.
The latest development follows a failed attempt by Miramax founders Bob and Harvey Weinstein, along with supermarket magnate Ron Burkle, to buy back the arthouse studio for about $600 million.
The studio has created such films as "Pulp Fiction."
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