Tortuous sale tale to finish with Weinstein Company bankruptcy

With a late-Sunday statement, film’s Weinstein Company says it will file for bankruptcy.

That would finish a fire-sale tale where a bealeaguered studio discussed exchange (likely around $500M) with a series of bidders, including Lions Gate (LGF.A, LGF.B), a bloc of Killer Content/Abigail Disney, private investment firms, Colony Capital (NYSE:CLNS), and a organisation headed by former SBA conduct Maria Contreras-Sweet. Viacom (VIA, VIAB) and MGM were also speculated to have been involved.

The new matter is a outcome of a relapse in negotiations with a Contreras-Sweet group. The Weinstein Company house expelled a minute it sent to Contreras-Sweet and pivotal devotee Ron Burkle, accusing a group of not entrance by with halt appropriation to work a studio in a meantime.

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