Deal for studio in limbo
LOS ANGELES — A $500 million deal to sell Harvey Weinstein’s troubled old studio to former Obama administration official Maria Contreras-sweet hit a roadblock this weekend after the New York attorney general’s office expressed concerns about the sale.
Contreras-sweet, backed by billionaire Ron Burkle’s Yucaipa Cos., has been in talks with the Weinstein Co. for weeks for a deal that would give her control over the studio’s assets and establish a fund to help women who say they were abused by Weinstein.
A deal was expected to be signed Sunday, but the New York state attorney general’s office has expressed worries, according to the New York Daily News, over the appointment of Weinstein Co. President David Glasser as chief executive because he was Harvey Weinstein’s right-hand man for years.