The Weinstein Company announced Monday  that Colony Capital had agreed to provide the scandal-plagued studio with financing and that the two parties were in talks on a potential sale.

The deal means an "immediate cash infusion" into the Weinstein Company and a "potential sale of all or a significant portion of the Company's assets," it said. 

The company fired co-founder Harvey Weinstein earlier this month following numerous accusations of sexual harassment and sexual assault.

Source: AFP