Judge approves new plan forsaleofweinsteinco.
A Delaware judge on Wednesday approved a revised plan for the sale of the Weinstein Co., the studio forced into bankruptcy by the sexual misconduct scandal that brought down Hollywood mogul Harvey Weinstein.
The revised plan calls for Dallas-based private equity firm Lantern Capital to pay $289 million for the Weinstein Co.’s assets, down from an initial sale price of $310 million.
Attorneys negotiated the $21 million price reduction after disputes threatened to torpedo the deal.
Among those concerns was who would be responsible for paying potentially tens of millions of dollars owed on certain contracts that might be assigned to Lantern.