Thomas Barrack’s Colony Capital Ends Bid for Weinstein Studio
- 6 years ago
Thomas Barrack’s Colony Capital Ends Bid for Weinstein Studio
After disagreeing on price, Colony Capital, the private equity firm run by Thomas J. Barrack Jr., ended talks with the boutique studio to buy some or
all of its assets, according to two people briefed on the negotiations, who spoke on the condition of anonymity because the process was private.
By Oct. 26, a preliminary agreement for Colony to give the Weinstein Company an immediate cash infusion had
fallen apart, even as Colony continued to evaluate the possible purchase of some or all of the studio.
Mr. Weinstein, who has denied “any allegations of nonconsensual sex,” was fired by the Weinstein Company on Oct. 8
but retains a roughly 20 percent ownership stake in the studio.
The Weinstein Company entered into exclusive talks with Colony on Oct. 16 as it rushed to contain the
fallout from allegations of sexual harassment and assault against its co-founder Harvey Weinstein.
After disagreeing on price, Colony Capital, the private equity firm run by Thomas J. Barrack Jr., ended talks with the boutique studio to buy some or
all of its assets, according to two people briefed on the negotiations, who spoke on the condition of anonymity because the process was private.
By Oct. 26, a preliminary agreement for Colony to give the Weinstein Company an immediate cash infusion had
fallen apart, even as Colony continued to evaluate the possible purchase of some or all of the studio.
Mr. Weinstein, who has denied “any allegations of nonconsensual sex,” was fired by the Weinstein Company on Oct. 8
but retains a roughly 20 percent ownership stake in the studio.
The Weinstein Company entered into exclusive talks with Colony on Oct. 16 as it rushed to contain the
fallout from allegations of sexual harassment and assault against its co-founder Harvey Weinstein.