Last-ditch talks to sell the Weinstein Company for $500m absorb collapsed,says boardHarvey Weinstein’s film and TV production company is to file for bankruptcy after the sexual harassment scandal that has engulfed the beleaguered firm scuppered a last-ditch $500m deal to save the trade.
The company’s board has said it had been forced to file for bankruptcy protection following the collapse of revived talks to sell to an investor group led by Maria Contreras-Sweet, a former official in Barack Obama’s administration. It branded the takeover proposal as “illusory”.
Continue reading...
Source: guardian.co.uk