EXCLUSIVE
The game for Miramax has reached a critical decision point for David Bergstein and his partner Ronald Tutor, TheWrap has learned.
Tutor, a construction magnate with close to $1 billion to play with, must now decide if he is ready to write a check to close the deal for Miramax at $650 million without the support of a bank to provide debt financing.
That's because thus far, the banks approached by Tutor and Bergstein have not been willing to accept the high-flying valuation on the Miramax library they are advancing in order to meet the number demanded by Disney, according to individuals with knowledge of the situation.