Weinstein granted court approval of $310 million company asset sale

By Caroline Salls

Pittsburgh, May 9 – Weinstein Co. Holdings LLC received court approval of the $310 million sale of substantially all of its assets to Lantern Entertainment LLC, according to an order filed Wednesday.

As previously reported, Weinstein cancelled the auction after it received some non-qualified bids, as well as qualified bids in the form of credit bids for portions of the assets, that “did not provide for purchase prices that individually or, in the aggregate, equal or exceed the minimum overbid amount.”

Weinstein is a New York-based entertainment company. The company filed bankruptcy on March 19 under Chapter 11 case number 18-10601.

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