Buyers strike ‘potential deal’ to save Weinstein Co. from bankruptcy
A organisation of investors says it has regenerated a understanding to buy resources of a Weinstein Co., potentially saving a beleaguered studio from bankruptcy.
The proclamation Thursday came only 4 days after a Weinstein Co. announced it was pulling out of a sale and would record for failure protection. However, a buyers and a association shortly resumed talks, along with New York state Attorney General Eric Schneiderman, who had filed a lawsuit that threw a wrench in a deal.
Businesswoman Maria Contreras-Sweet is heading a investors’ group. She says in a matter that her organisation “has reached an agreement to squeeze resources from The Weinstein Company in sequence to launch a new company.”
Contreras-Sweet called it “potential deal.” It was misleading when it competence be signed.
Now-disgraced film noble Harvey Weinstein co-founded a association in 2005. He was dismissed final Oct after accusations flush of passionate attack and nuisance by dozens of women, though he has denied all allegations
Article source: http://www.cbc.ca/news/entertainment/weinstein-company-group-investors-deal-potential-bankruptcy-1.4558512?cmp=rss