Miramax bid for The Weinstein Co. complicates the sale process: LA Times

Harvey Weinstein attends the 'Lion' premiere in addition to opening ceremony of the 12th Zurich Film Festival at Kino Corso on September 22, 2016 in Zurich, Switzerland.

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Harvey Weinstein attends the ‘Lion’ premiere in addition to opening ceremony of the 12th Zurich Film Festival at Kino Corso on September 22, 2016 in Zurich, Switzerland.

In November, Contreras-Sweet put together a consortium of investors who offered $275 million for The Weinstein Co.

although Harvey in addition to Bob Weinstein, who co-founded The Weinstein Co. in 2005 in addition to own about 46 percent of the business, have been trying to steer the company toward a deal with Miramax, the Los Angeles Times said.

The Weinstein Co. has been looking for a buyer or rescue financing since last fall as the studio continues to grapple with the fallout of sexual harassment allegations against former co-chairman, Harvey Weinstein, who left the company three months ago.

The company’s investment bankers at Moelis & Co. have been focused on an outright sale, rather than a debt restructuring or bankruptcy.

On Monday, Killer Content, the movie producer which has partnered with philanthropist Abigail Disney in a consortium vying to acquire The Weinstein Co., said a bankruptcy may be the best way forward for the embattled U.S. film in addition to TV studio.

Both Miramax in addition to The Weinstein Co. could not be immediately reached for a comment.

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