Weinstein Company Sale Falls Apart, Again
A Deal to Sell the Weinstein Company Falls Apart
(CNN)- The Weinstein company is once again in financial straits.
Last week there was a tentative deal to sell the company’s assets for $500 million.
However, the investors involved backed out of the deal.
According to sources linked to the process, the company’s debts were greater than expected.
The studio has not made a comment yet, which previously stated bankruptcy was a possibility.
The Weinstein Company started looking for a buyer after Harvey Weinstein’s sexual harassment scandal broke out.
WEINSTEIN HAS REPEATEDLY DENIED ANY NON-CONSENSUAL SEX.