Weinstein Co. Drops Sale Price
and Lantern Capital, which agreed to buy the studio out of bankruptcy, have agreed to cut the sale price to $287 million from $310 million, a person familiar with the proceedings told TheWrap.
The price cut was announced in Delaware bankruptcy court on Friday as a means to accelerate Lantern closing the deal.
The two sides were haggling over the value of the unreleased projects and the Weinstein Co.’s library of films..
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