As expected, the Weinstein brothers have submitted an offer to Disney, The Wrap's Sharon Waxman reports, helped by L.A. billionaire Ron Burkle and an unnamed financial institution. Also in the game are Tom Gores of Platinum Equity and his brother Alec. Another brother, Sam, who runs the talent agency Paradigm, is serving as an advisor. Waxman reports that a third, unnamed bidder entered the process last week who is believed to have submitted an offer that was higher than the other two.
*Waxman reports that the third bidder appears to be David Bergstein, the movie financier whose assets were taken over by a court-appointed trustee. Bergstein is believed to have found backing from Deutsche Bank and a Saudi Arabian investor.

 Follow LA Observed on Twitter here
Follow LA Observed on Twitter here

 
   
   
   Mark Lacter created the LA Biz Observed blog in 2006. He posted 
until the day before his death on Nov. 13, 2013.
Mark Lacter created the LA Biz Observed blog in 2006. He posted 
until the day before his death on Nov. 13, 2013.