The company, on Monday, announced it has entered into a stalking horse agreement with Lantern Capital Partners out of Dallas. As part of its bankruptcy protection filing, Lantern allegedly agreed to purchase The Weinstein Co. if the court approves.
The allegations against Weinstein gave birth to the #MeToo and #TimesUpmovements.
Weinstein has not yet been officially charged despite being the target of several criminal investigations across the country.
The producer has been in Arizona getting treatment for a sex addiction. (ANI)