Weinstein Co. Will File For Bankruptcy After Sale Talks Collapse


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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-way/2018/02/26/588791946/weinstein-company-will-file-for-bankruptcy-after-sale-talks-collapse?utm_source=facebook.com&utm_medium=social&utm_campaign=npr&utm_term=nprnews&utm_content=20180226