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Weinstein Buyers Pull Out of Purchase After Looking at Books

  • Studio’s debts are said to be higher than previously thought
  • Group would consider buying assets in a bankruptcy sale
Updated on

Maria Contreras-Sweet said her group is pulling out of its deal to buy the troubled Weinstein Co. film and TV studio after an examination of its finances raised doubts about the company’s viability.

The deal fell apart after Contreras-Sweet’s group learned Weinstein’s liabilities were higher than the $225 million previously thought, people with knowledge of the matter said. Contreras-Sweet said in a statement Tuesday she would consider acquiring Weinstein assets if they become available in a bankruptcy.