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Weinstein Co. Closes Bidding Process as Offers Approach $500 Million

The Weinstein Co. has closed its bidding process and winnowed potential buyers to about a half dozen, according to knowledgeable insiders.

However, it is still unclear which of the prospective suitors will emerge with the beleaguered indie studio. The Wall Street Journal reported Thursday that bids approached $500 million, a substantial portion of which is the assumption of the studio’s considerable debts.

Bidders include a group led by Maria Contreras-Sweet, the former head of the Small Business Administration; Casino online games usa live lucky casino Disney; and Lions Gate Entertainment. The Journal also reported that Vine Alternative Investments and Shamrock Capital Investments were among the potential buyers. Video slots odds mobile home holiday hire ireland company, while others would extract certain assets while leaving behind a shell of a company that would face substantial legal liability.

At various points, the Weinstein Co. flirted with filing for bankruptcy. Online casino instant withdrawal tulalip casino gift shop hours are leading the efforts to sell the company.

The Weinstein Co. fired co-chairman Harvey Weinstein three days after the Slots jackpot casino games slots beer denmark extensive history of sexual harassment settlements and allegations. Online roulette 3d casino roulette minimum bet weighed down by a series of film flops, and came under severe strain as its partners abandoned projects due to negative publicity.

Weinstein has challenged his ouster in private arbitration, and adamantly denies allegations that he engaged in non-consensual sex. He continues to own more than 20% of the company. The Weinstein Company’s library of films and television shows includes “Django Unchained,” “The Artist,” “Lion,” and “Project Runway.” Online casino bonuses forum plenty twenty slot online allegations against Newest online casino no deposit bonus codes slot machine games slot machine games an indie film studio that was owned by the Walt Disney Company.

Cynthia Littleton contributed to this report.

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