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

The Weinstein Company has entered talks for a sale of the bulk of its assets to private equity firm Colony Capital, the two companies 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 Harvey Weinstein was fired following reports of sexual harassment allegations.