This potential sale is not phenomenal news for Weinstein insiders; because, with the cost of running the business (not to mention the added expense of paying for legal representation), a significant amount of that price is ultimately going to cover the assumption of debt on the part of the buyers.
According to a new report from The Wall Street Journal, it looks like The Weinstein Company may be close to selling for somewhere in the neighborhood of $500 million.
Several potential buyers are in the mix at this point (such as Lionsgate), and bids range from total control of the company to valuable assets that wouldn’t require the buyer to take on certain legal responsibilities.