Weinstein Company close to less than $500 million sale

The Weinstein Company will be nearing a deal to sell the company for less than $500 million, sources have told Dow Jones.

The company’s board of directors have come up having a list of six potential buyers, including a group led by businesswoman Maria Contreras-Sweet; production company Killer Content along with Abigail Disney; Lions Gate Entertainment; along with investment firms Vine Alternative Investments along with Shamrock Capital Investments, according to the Wall Street Journal.

The Weinstein Company, notable for its award-winning movies along with television shows, was rocked by accusations co-founder Harvey Weinstein perpetrated decades of sexual harassment. Weinstein was fired coming from the company in October.

Half of most potential offers include the assumption of the company’s debt, along with Weinstein’s owners are unlikely to receive cash coming from the deal the Wall Street Journal reported. Some interested parties only want the studio’s television production company along with its library of existing films.

The Weinstein Company was not immediately available for comment.

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