After months of fallout from last October’s reports of sexual assault and harassment allegations against former Weinstein Company chief Harvey Weinstein, the future of the company looks bleak.
A new report indicates that TWC will be sold soon, and for an amount less than $500 million.
When the company is sold, since its current owners are dealing with legal fees for a number of lawsuits, none will receive any cash form the sale.
And many of the bidders aren’t even interested in buying the whole thing, which may mean that the company might be sold in parts to a number of different entities.