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The Weinstein Company has declared Lantern Capital Partners — reportedly the sole company to bid on its assets before an April 30 bankruptcy auction deadline — the winning contender. A Dallas-headquartered private equity firm, Lantern wants to pay $310 million cash for the scandal-ridden studio, and assume $115 million in its liabilities.
“Lantern’s bid clearly achieves the highest and best value for the estate and its creditors,” said TWC board member Ivona Smith. “We look forward to working with Lantern to close the transaction and consummate the going concern sale.”
On May 1 — with support from six plaintiffs of a class-action lawsuit against Weinstein — Inclusion Media posited a $315 million cash offer, which would have provided equity and multi-million dollar settlement funds to alleged Harvey Weinstein victims inside and outside TWC. More than 100 women have come forward claiming Weinstein sexually abused or harassed them since the ’80s, and he is now at the center of…
