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.

Categories: US News

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