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Katie O'Brien

Miramax Considers Sale in Strategy Shift

Miramax, the film company founded by Bob and Harvey Wienstein in 1979, is exploring a possible sale. 

Bought by Disney (NYSE: DIS) in 1993, then acquired privately once again in 2010 for $660 million, the lauded film company is once again speaking with investors and considering a sale in order to integrate a new business strategy, CNBC reported. According to come estimates, the company may be worth approximately $1 billion. 

A spokesperson for Miramax denied a comment, CNBC reported. 

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