Los Angeles Times

Weinstein Co. closing in on sale to Maria Contreras-Sweet-led investor group, sources say

Weinstein Co., the troubled movie and television studio founded by disgraced mogul Harvey Weinstein, is closing in on a sale to a group of investors led by former Obama administration official Maria Contreras-Sweet, according to people familiar with the matter.

Backers for Contreras-Sweet, who ran the Small Business Administration under President Barack Obama, include billionaire Ron Burkle and Dallas-based private equity firm Lantern Asset Management, according to people with knowledge of the talks who were not authorized to speak publicly.

A deal could be reached

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