Weinstein Company sale collapses | |||
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Duration: 00:52s - Published: < > Embed
  Harvey WeinsteinThe sale of the Weinstein Company has fallen through again. The world-famous film studio was days away from filing for bankruptcy last week before an organisation headed by Maria Contreras-Sweet, billionaire Ron Burkle and Lantern Capital struck a deal to purchase the company's assets, but they have now pulled out after receiving some "disappointing information".. |
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The sale of the Weinstein Company has fallen through yet again.
The world-famous film studio was days away from filing for bankruptcy last week before an organisation headed by Maria Contreras-Sweet, billionaire Ron Burkle and Lantern Capital struck a deal to purchase the company's assets, but they have now pulled out after receiving some "disappointing information".
According to Deadline, the buyers group pulled out after discovering some undisclosed liabilities, including $27 million in residuals and profit participation, $20 million in accounts payable, and $17 million in a commercial arbitration award.
The Weinstein Company is now expected to move into bankruptcy over the coming weeks, and Maria hasn't ruled out using that process to help her to further her film studio "vision".
Weinstein Co will declare bankruptcy after sale collapsesWeinstein Co, the studio co-founded by Harvey Weinstein, will file for bankruptcy protection...Deccan Herald - EntertainmentAlso reported by •Firstpost •DNA •Reuters India | |
Push by female-led investor group to buy Weinstein Company falls throughThe female-led investor group that had agreed to buy The Weinstein Company's assets pulled its offer...CBC.ca - Lifestyle |
▶ Weinstein Company sale collapsed 00:49The Weinstein Company looks to be headed for bankruptcy again after a sale fell through due to "disappointing information".Source: Bang Media - | |
▶ Weinstein Company Deal Falls Through As Investors Flee 01:18The pending sale of the Weinstein Company to a group of investors has fallen through. The deal would have given the group control over the studio's assets in a deal worth about $500 million. However,..Source: Wochit Entertainment - |
