The Wall Street Journal has recently reported that the Weinstein Company could sell off what is left of the company for less than 500 million dollars. The stock shareholders are also likely to lose all of their equity. A deadline was set at December 22nd for offers and the list has since been narrowed down to six potential buyers. The company is still facing significant legal bills and operating expenses, because of this assumption of debt the bids topped at the 500 million mark.
