Weinstein Co. Will File For Bankruptcy After Sale Talks Collapse

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  02 February 2018
Weinstein Co. Will File For Bankruptcy After Sale Talks Collapse

The Weinstein Co. says it will file for bankruptcy after a deal for the sale of the company fell apart.The film and television studio had been in talks with a group led by Maria Contreras-Sweet, who was in charge of the Small Business Administration under President Barack Obama, and backed by billionaire Ron Burkle. The deal was said to be worth $500 million — "roughly $275 million for the Weinstein Company, plus the assumption of $225 million in debt," The New York Times reports.https://www.npr.org/sections/thetwo...ontent=20180226
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