Bankrupt Weinstein Company Has A Buyer

“The Weinstein Company on Tuesday named a Dallas private equity firm as the winning bidder in its bankruptcy sale, spurning an offer by the Broadway producer Howard Kagan. The victor – for now, at least, as a bankruptcy judge still has to sign off and the decision could be challenged by creditors – is Lantern Capital Partners. It entered the sale as the studio’s prearranged bidder, or ‘stalking horse,’ which set a price floor. Lantern offered $310 million plus the assumption of about $115 million in debt.”