Deals
Billionaire Tom Barrack Throws Harvey Weinstein a Lifeline
- Investment firm to provide immediate cash infusion to studio
- Harvey Weinstein fired Oct. 8 on harassment allegations
Weinstein Co., Colony Capital Enter Sales Talks
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Billionaire investor Tom Barrack is circling the ultimate distressed asset in Hollywood: the movie studio co-founded by Harvey Weinstein.
Barrack’s private investment firm, Colony Capital, is offering Weinstein Co. a financial lifeline as the studio reels from the widening scandals surrounding its co-founder, who knows the billionaire from a previous deal. In a brief statement Monday, Weinstein Co. said Colony might end up buying its assets.