Weinstein Company says in talks to sell movie studio
Weinstein Company says in talks to sell movie studio
New York - Al Maghrib Today
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
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