Weinstein Co. enters talks over potential sale

Mergers and Acquisitions Reuters

Harvey Weinstein attends The Weinstein Company and Lexus Present Lexus Short Films at the Directors Guild of America Theater on Thursday, Feb. 21, 2013, in Los Angeles. (Photo by Chris Pizzello/Invision/AP)

(Reuters) - The Weinstein Company has entered talks for a sale of the bulk of its assets with private equity firm Colony Capital, the two companies said in a statement on Monday.

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The Weinstein Company's co-chairman, Bob Weinstein, over the weekend denied the company was seeking to sell or shut down the company after his partner Harvey Weinstein was fired following reports of sexual harassment allegations.

(Reporting By Aparajita Saxena in Bengaluru; Editing by Meredith Mazzilli)

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