The Weinstein Company filed for bankruptcy in Delaware on Monday, in hopes to enter an organized sale process with a stalking horse bidder in Lantern Capital Partners.
The Dallas-based private equity firm has agreed to keep the studio’s employees on as a “going concern,” should the bankruptcy court approve the sale.
“While we had hoped to reach a sale out of court, the board is pleased to have a plan for maximizing the value of its assets, preserving as many jobs as possible and pursuing justice for any victims,” Bob Weinstein said in a statement provided to TheWrap.
The Dallas-based private equity firm has agreed to keep the studio’s employees on as a “going concern,” should the bankruptcy court approve the sale.
“While we had hoped to reach a sale out of court, the board is pleased to have a plan for maximizing the value of its assets, preserving as many jobs as possible and pursuing justice for any victims,” Bob Weinstein said in a statement provided to TheWrap.
- 3/20/2018
- by Matt Donnelly
- The Wrap
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