Posted on Tuesday, March 6th, 2018 by Hoai-Tran Bui
Update: Despite seemingly being finalized last week, the $500 million deal to acquire The Weinstein Company has fallen through (via Variety). It seems that the investors “uncovered new information about previous undisclosed liabilities.” Our original article follows below.
After teetering on the edge of bankruptcy, The Weinstein Company sold its assets to an investor group led by former Obama-era Small Business Administrator Maria Conteras-Sweet.
The $500 million deal will spare the embattled company from bankruptcy and go to creating a compensation fund for the victims of the disgraced former executive Harvey Weinstein.