Off again. That's the word as a supposedly done deal for the troubled Weinstein Company film operation has fallen apart yet again.
“We have received disappointing information about the viability of completing this transaction,” former SBA chief Maria Contreras-Sweet said in a statement Tuesday. “As a result, we have decided to terminate this transaction.”
Contreras-Sweet led a group (along with investor Ron Burkle) that was the finalist in a deal that seemed done, then collapsed at the end of February, only to be back on as of last Thursday. It was a $500M deal for a company overshadowed by allegations the board had enabled abuses by co-founder Harvey Weinstein.
Source: seekingalpha
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