Los Angeles Times

Maria Contreras-Sweet says she has reached a deal to buy Weinstein Co. assets

The saga over the future of Harvey Weinstein's once-influential studio took a new and surprising turn Thursday when an investor group said it had reached an agreement to buy the struggling company's assets, nearly five months after sexual abuse allegations against Weinstein sent the company into a death spiral.

An investor group led by former U.S. Small Business Administration head Maria Contreras-Sweet and billionaire Ron Burkle has reached an agreement in principle to purchase assets of Weinstein Co., the onetime Obama administration official said Thursday. The deal is subject to a 40-day closing period, one person

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