NEW YORK — The Weinstein Co. might be saved from bankruptcy after all. “Our team is pleased to announce that we have taken an important step and have reached an agreement to purchase assets from The Weinstein Company in order to launch a new company,” Contreras-Sweet said in a statement. Dozens of women, including prominent actresses, have accused Harvey Weinstein of sexual assault, harassment, groping and other misconduct. The buyers would pay $220 million for most of the Weinstein Co. assets and assume about $225 million of the studio’s debt. The new company would also dedicate $90 million to compensate Harvey Weinstein’s accusers, including $60 million put up by the buyers and $30 million from insurance proceeds.

Source: National Post March 02, 2018 02:03 UTC