Weinstein Co. deal collapses in yet another twist, pushing studio closer to bankruptcy

The terms of the agreement weren’t disclosed, but The Times learned that the bid was worth $500 million, including the assumption of $225 million in debt. The agreement was reached after a last-minute meeting between the investor group and Weinstein Co.’s board of directors at the office of New York Atty. Gen. Eric Schneiderman, who had criticized the planned sale last month. His office had sued the company, saying any deal would have to adequately compensate victims, protect future employees and not enrich people he said were complicit in Weinstein’s alleged abuses.

Let’s block ads! (Why?)