Group led by Maria Contreras-Sweet and Ron Burkle uncovered $50m more debt than expected
The eleventh hour deal to save Harvey Weinstein’s TV and film company from going bankrupt has fallen through, after the buyers discovered tens of millions of dollars more debt on the books than expected.
Last week, a consortium of investors led by Maria Contreras-Sweet, a former senior official in Barack Obama’s administration, and US billionaire Ron Burkle, entered the final stage of a $500m (£360m) deal to buy the Weinstein Company.
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