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Friday July 9, 2010 9:43 pm

Rob Lowe to Purchase Miramax?

Rob Lowe is said to be involved in a bid to buy Miramax Films. 

The actor has been linked to a deal by Tom Barrack’s Colony Capital, which is among a number of bidders for the production company, responsible for movies including The Queen and No Country for Old Men.
“It’s fair to say Lowe’s a friend of Colony and he’ll be involved in some larger sense. They value his opinion and he has ideas,” a source told The New York Post.

Talks with Harvey and Bob Weinstein - who co-founded and are responsible for the release of films such as Pulp Fiction and Shakespeare in Love - have faltered, meaning Colony has taken the lead in discussions, which may conclude in the next few days. Colony is said to have considered placing a bid of between $600 million and $700 million for the company, while the Weinstein’s earlier bid was thought to be around $550 million.

According to TMZ, Lowe, Barrack and construction mogul Ron Tutor plan to turn Miramax into a “multi-platform media company, similar to DreamWorks.”

Upcoming films set to be released by Miramax include The Switch starring and Jason Bateman and Last Night with Keira Knightley and Sam Worthington.

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