VIDEO : Weinstein Company Deal Falls Through As Investors Flee

Celebrity in this news:

The pending sale of the Weinstein Company to a group of investors has fallen through.
The deal would have given the group control over the studio's assets in a deal worth about $500 million.
However, after the group discovered millions of dollars in previously undisclosed debt, they balked.
Maria Contreras-Sweet had been spearheading the buyout, and said she was disappointed by the discovery.
The group had planned to set up a victims' compensation fund and install a majority-women board of directors
The investors' mission was to build a movie studio led by a female majority.
The Weinstein company has been on the verge of bankruptcy as the board tries to find a buyer
The group had hoped to save jobs, protect vendors who are owed money, and create a victims? compensation fund
The fun would have supplemented existing insurance for alleged victims of Harvey Weinstein.
The disgraced media mogul has faced numerous charges of sexual misconduct, harassment and abuse by industry members.


Weinstein Company Deal Falls Through As Investors Flee

07-03-2018 - Vidéo