Lantern Capital to acquire bankrupt Weinstein Company for $310 million

Private equity firm Lantern Capital is nearing a deal to acquire the Weinstein Company, the TV and film studio whose former chairman Harvey Weinstein faces sexual assault claims, with a $310 million offer, people familiar with the matter said.

The Weinstein Company filed for bankruptcy in March with the offer from Lantern Capital in hand as a so-called stalking horse bidder. It had hoped to get better offers from other suitors, but no higher bid emerged by a deadline set in a bankruptcy auction for Monday, the sources said.

The sources asked not to be identified ahead of an official announcement. The Weinstein Company declined to comment, while Lantern did not immediately respond to a request for comment.

Hollywood trade publication Deadline Hollywood first reported earlier on Monday that Lantern was the winning bidder for the Weinstein Company.