Weinstein Company buyers pull out after much more debt found

Weinstein Company buyers pull out after much more debt found
 

The eleventh hour deal to save Harvey Weinstein’s TV and film company from going bankrupt has fallen through, after the buyers discovered tens of millions of dollars more debt on the books than expected.
Last week, a consortium of investors led by Maria Contreras-Sweet, a former senior official in Barack Obama’s administration, and US billionaire Ron Burkle, entered the final stage of a $500m (£360m) deal to buy the Weinstein Company.
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7 March 2018 in Business, Views: 46
Source: Guardian
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