Weinstein Company rescue deal collapses

Weinstein Company rescue deal collapses
 

A deal to rescue The Weinstein Company from bankruptcy has collapsed at the last minute.
Businesswoman Maria Contreras-Sweet had led a team that was poised to buy the struggling film production and distribution company.
However, the deal was reportedly terminated after it was found the firm's debt was $280m (£201.4m) rather than the $225m previously disclosed.
The company was co-founded by disgraced US movie mogul Harvey Weinstein.
Mr Weinstein is facing dozens of allegations of sexual abuse, including rape, but he denies non-consensual sex.
Last week, it was revealed the investor group led... read more

 
7 March 2018 in Business, Views: 57
Source: BBC
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