The Wall Street Journal: Weinstein Company negotiating possible sale with Colony Capital

Private-equity firm Colony Capital could buy Weinstein Co. after its brand name was tarnished in recent weeks, as dozens of women accused its former co-chairman Harvey Weinstein of sexual assault and harassment.

The Weinstein Co. said Monday it has entered into an agreement with Colony Capital, the private-equity arm of investment firm Colony NorthStar Inc.

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to provide an immediate infusion of cash. Financial terms of the investment weren’t immediately disclosed.

The two companies have also started negotiating a potential sale of “all or a significant portion” of the Weinstein Co.’s assets, the Weinstein Co. said.

The company fired Weinstein Oct. 8 as reports accusing him of repeated sexual assault over the course of many years continued to emerge. Since then, the company has been widely expected to sell itself or shut down.

An expanded version of this report appears at WSJ.com.

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