Weinstein Co. Sale By Female-Led Investor Group Deal Collapses

The majority-female investor group led by Maria Contreras-Sweet that was eyeing up Weinstein Company has backed out of the deal.

By Cody Briana on March 7, 2018
(Photo By: Nicholas Hunt / Getty Images For NYFW: The Shows)

Boo! I was wishing these women would make it happen. The majority-female investor group led by Maria Contreras-Sweet that was eyeing up Weinstein Company has backed out of the deal, Billboard reports. The buyers were originally going to purchase the film studio for $500 million, agreeing to assume roughly $225 million of debt. However, after signing last week’s sale agreement and gaining access to the books, they discovered an additional $50 million-$64 million in liabilities they were not aware of. TWC calls their decision an “excuse,” saying the investors knew they were on the brink of bankruptcy.

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