Los Angeles Times

Dallas firm to buy Weinstein Co. after auction yields no serious bids

Weinstein Co. failed to attract serious offers from its bankruptcy auction Monday, leaving Dallas-based private equity firm Lantern Capital Partners as the winning bidder by default, according to two people familiar with the situation.

The bidding process had attracted some interest from companies that wanted the troubled studio's library and other assets. But no bid came close to topping Lantern's so-called stalking horse offer made in March.

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