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Stock impact report

Report: Colony out, 22 other buyers in talks for Weinstein Company [Seeking Alpha]

Via Renewables, Inc. - Class A (VIA) 
US:NASDAQ Investor Relations: ir.viacom.com
Company Research Source: Seeking Alpha
Report: Colony out, 22 other buyers in talks for Weinstein CompanyColony Capital (CLNS-0.9%) is out as a potential buyer of distressed film producer the Weinstein Company, a source tells TheWrap, but22 other prospective buyers are interested in a deal that could reach $300M.That includes Viacom (VIA-0.6%,VIAB-0.7%), MGM, Lions Gate (LGF.A-2.7%,LGF.B-3.4%) and Ron Burkle's Yucaipa, according to the report. Last week, Burkle was reported by theFinancial Times to beworking with ousted co-founder Harvey Weinsteinand Len Blavatnik on a buyout.A sale would be completed by November's end, TheWrap says, and would require the resignation of co-founder Bob Weinstein -- Harvey's brother and the president of Dimension Films.A winning bidder wouldn't inherit any criminal liability linked to the dozens of accusers of Harvey Weinstein.Variety reported last week that Colony would get a three-week window to work through a deal for some or all Weinstein Company assets.Now read:Viacom - Content Remains Show less Read more
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