The story originally surfaced at the start of the year before the closure of the studio was announced. However Disney's decision to wind down the studio appeared to put an end to the rumours.
However sources now suggest that the Weinsteins have now been approached by two hedge funds with a proposal to purchase Miramax as a joint venture.
The LA Times reports that the Weinsteins are not the only people seeking to salvage Miramax, with reports that between seven to 10 bidders were interested in purchasing the studio, including Summit Entertainment, currently rolling in money due to the success of teen vampire franchise Twilight.
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