Private equity firm Colony Capital is in talks to buy Weinstein Co’s assets, the two companies said Monday, after the studio was tarnished in recent weeks by accusations that former co-chairman Harvey Weinstein sexually harassed and assaulted dozens of women, The Wall Street Journal reports.
The Weinstein Co said it has entered into an agreement with Colony Capital, the private equity arm of investment firm Colony NorthStar to provide an immediate infusion of cash. Financial terms of the investment were not immediately disclosed.