Goldman said to be ‘exploring options’ on remaining Weinstein Co stake

Investing


The fallout from Harvey Weinstein’s sexual harassment scandal is hitting Weinstein Co., itself.

Goldman Sachs, one of the film company’s original financiers, is “exploring options” on the small stake in the company it still has, the Financial Times reported.

Weinstein Co., which was behind award-winning movies like “The King’s Speech” and “The Artist,” originally got off the ground in 2005 with the help of Goldman, which raised $1 billion in debt and equity financing for the launch.

Later Goldman would help restructure Weinstein Co.’s debt, striking a deal to acquire Weinstein’s 200-film library in 2010. The bank later sold its stake in the library to AMC Networks for an undisclosed amount. But Goldman continues to hold a stake valued at less than $1 million in Weinstein Co., a private company, the FT reported, citing a company spokesman.

Goldman did not immediately return a call for comment on the report.



Source link

Products You May Like

Articles You May Like

What to know about monthly payments
IBM earnings Q1 2021
Johnson & Johnson JNJ earnings Q1 2021 beat estimates
Older millennial wealth levels are catching up to previous generations
NFL safety Malcolm Jenkins on making over $70 million and being frugal

Leave a Reply

Your email address will not be published. Required fields are marked *