The Weinstein Company Announces Investment from Colony Capital
COLONY NORTHSTAR INC (CLNS)
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Source: Business Wire
Stabilizes TWC Operations and Reassures Distribution, Production and Talent Partners; Companies Enter Negotiating Period for Potential Sale NEW YORK--(BUSINESS WIRE)-- The Weinstein Company (“TWC” or the “Company”) today announced that it has entered into a preliminary agreement with Colony Capital (“Colony”) to provide an immediate capital infusion into the Company. In addition, the Company has entered a negotiating period with Colony Capital for a potential sale of all or a significant portion of the Company's assets. TWC board member, Tarak Ben Ammar, said, “On behalf of the board, we are pleased to announce this agreement and potential strategic partnership with Colony Capital. We believe that Colony's investment and sponsorship will help stabilize the Company's current operations, as well as provide comfort to our critical distribution, production and talent partners around the world. Colony's su
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