Weinstein Co Selects Lantern Capital as Winning Bidder

Weinstein Co Selects Lantern Capital as Winning Bidder
Harvey Weinstein, co-chairman of the Weinstein Company, kicks off the Film Finance Circle conference with an informal discussion at the inaugural Middle East International Film Festival in Abu Dhabi, Oct. 15, 2007. Reuters/Steve Crisp/File Photo
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Private equity firm Lantern Capital is the winning bidder for substantially all the assets of the Weinstein Company, the TV and film studio that filed for bankruptcy after co-founder Harvey Weinstein was accused of sexual assault, the Weinstein Company said on Tuesday.

“Lantern’s bid clearly achieves the highest and best value for the estate and its creditors,” Ivona Smith, a member of The Weinstein Company board of representatives, said in a statement.