Miramax bid for Weinstein Co. throws wrench into sale process, sources say [Los Angeles Times (CA)]
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Source: Los Angeles Times
Miramax bid for Weinstein Co. throws wrench into sale process, sources say An attempt by Qatar-owned film company Miramax to buy the Weinstein Co. has thrown a wrench into plans to sell the struggling studio to a group of investors led by former Obama administration official Maria Contreras-Sweet, according to people familiar with the matter who were not authorized to comment. Weinstein Co. has been in negotiations to sell its assets to Contreras-Sweet, who is lining up investors said to include Ron Burkle’s Yucaipa Cos. and Lantern Asset Management to back the deal. Such an agreement would set up a fund to compensate women who say they were sexually abused by Harvey Weinstein, oust his brother Bob Weinstein, and pay the brothers nothing, according to people familiar with the terms. But Harvey and Bob Weinstein — the brothers who co-founded Weinstein Co. in 2005 and own about 46% of the business — have been trying to steer the company toward a deal with Miramax, the studio that t
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