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Weinsteins Still in Hunt For Miramax

08/14/2010 05:12 am ET | Updated May 25, 2011

Harvey and Bob Weinstein are looking to improve their chances of getting back the film studio they named for their parents 31 years ago.

The Weinstein Co. is eyeing a second opportunity to make a bid on Disney's Miramax studio, according to sources with knowledge of the bidding process.

The company is rumored to be preparing a bid that is higher than its last offer for the famous film firm. "They'll be back with a revised bid," said one source familiar with talks.

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