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Weinstein Co enters into agreement with Colony Capital to provide capital

Owner Bob Weinstein denied the company was seeking to sell or shut down the company

Reuters 

Harvey Weinstein
Harvey Weinstein, Co-Chairman of The Weinstein Company, speaks at the UBS 40th Annual Global Media and Communications Conference in New York | Photo Reuters

The has entered talks for a sale of the bulk of its assets to private equity firm Colony Capital, the two said in a statement on Monday. 

The Weinstein Company's co-chairman, Bob Weinstein, over the weekend denied the company was seeking to sell or shut down the company after his partner was fired following reports of sexual harassment allegations.

 

First Published: Mon, October 16 2017. 20:27 IST
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