Weinstein Co. Expected to File for Bankruptcy
- 6 years ago
After last ditch talks to sell off their assets collapsed, the Weinstein Company's board of directors are expected to file for bankruptcy.
A report from the Los Angeles Times indicated the board reached the decision on Feb. 25th, being left with no other option to pursue.
The board was in talks with a group of investors to sell off the struggling studio's assets for $500 million, along with a pact for the bidders to raise $40 millions in a fund to compensate accusers of Harvey Weinstein.
A report from the Los Angeles Times indicated the board reached the decision on Feb. 25th, being left with no other option to pursue.
The board was in talks with a group of investors to sell off the struggling studio's assets for $500 million, along with a pact for the bidders to raise $40 millions in a fund to compensate accusers of Harvey Weinstein.