A deal to sell the Weinstein Co. to an investor group led by billionaire Ron Burkle has collapsed, according to his partner, Maria Contreras-Sweet.
“We have received disappointing information about the viability of completing this transaction,” Contreras-Sweet said in a statement Tuesday. “As a result, we have decided to terminate this transaction.”
Burkle and Contreras-Sweet announced last Thursday that they had agreed to a $500 million transaction with the Weinstein Co. board. But since then, the investors have uncovered new information about previously undisclosed liabilities, according to a source familiar with the transaction.
Women who have accused Harvey Weinstein of sexual harassment or assault
Women who have accused Harvey Weinstein of sexual harassment or assault
Kadian Noble, has filed a lawsuit against Harvey Weinstein in New York federal court accusing the movie producer of sex trafficking by inviting her to a hotel room in France and sexually assaulting her.
Paz de la Huerta, who stars on HBO's 'Boardwalk Empire,' claims Harvey Weinstein raped her on two separate occasions in 2010: "I was in no state. I was so terrified of him," she told Vanity Fair. "I did say no, and when he was on top of me, I said, 'I don't want to do this' ... It was disgusting. He's like a pig."
British actress Lysette Anthony has publicly accused Harvey Weinstein of raping her in her home in the late 1980s.
Amber Anderson said Harvey Weinstein 'behaved inappropriately' and bragged about other actresses he had 'helped' in exchange for sexual favors.
Natassia Malthe has accused Weinstein of raping her in a hotel room. On a separate occasion, after she was assured that Weinstein would not come onto her, she was allegedly escorted to Weinstein's hotel room by an assistant. In the room was another woman, who performed oral sex on Weinstein whil he asked Malthe to join.
Lupita Nyong'o wrote a detailed essay for the New York Times recounting multiple incidents with Weinstein, including an evening during which he asked her to give him a nude massage while his family was in the same home.
Marisa Coughlan said that she planned to meet Weinstein for a meeting at his hotel. Instead, he requested a massage.
Heather Graham said Weinstein told her he had an agreement with his wife that allowed him to sleep with whomever he wants. He then asked him to meet her to discuss a film project at his hotel, falsely telling her that her friend would also be present. She declined.
French actress Judith Godreche has accused Weinstein of inappropriately pressing up against her, trying to remove her sweater and asking for a massage.
Lauren Holly said that during a seemingly normal meeting with Weinstein to discuss a project, he began disrobing, got into the shower, and went to the bathroom while continuing to converse with her. He then allegedly asked her for a massage. She fled.
Angie Everhart said that she was sleeping in her own cabin on a yacht when Harvey Weinstein entered, blocked the door and began masturbating. He told her not to tell anyone, but she "told everyone," including many actors and producers. In response, most told her that it was just Harvey being Harvey. In an interview with TMZ, she emphasized that anyone in the industry who knew Harvey at all knew that he regularly did things like what he allegedly did to her.
Kate Beckinsale has accused Harvey Weinstein of coming onto her in his hotel room when she was 17 years old.
Tara Subkoff said that in the 1990s, on the same day that she was offered a major movie role, she met Harvey Weinstein at a party. He allegedly made her sit on his lap while he had an erection. He then told her that if he did not do certain sexual things, she would not get the role that she'd already been offered. She declined. Afterward, she said, her "reputation was ruined by false gossip" and she found it near impossible to book roles.
Minka Kelly said that Harvey Weinstein offered her a lavish lifestyle in exchange for being his extramarital girlfriend. She declined.
Gwyneth Paltrow told the New York Times that Harvey Weinstein asked her for a massage in his hotel suite. After she told then-boyfriend Brad Pitt, Pitt confronted him, leading Weinstein to contact Paltrow and "scream" at her, she said.
Asia Argento has accused Weinstein of raping her in his hotel room when she was 21. She first reluctantly agreed to give him a massage, and then he forcibly performed oral sex on her. During subsequent encounters, she had consensual sexual relations with him due to fear that he would otherwise ruin her career.
Rose McGowan has publicly accused Harvey Weinstein of rape. In October 2016, she tweeted reference to a studio head raping her. In October 2017, in a tweet to Amazon chief Jeff Bezos, McGowan referred to Weinstein by name while repeating her rape accusation. The alleged incident took place in the 1990s and resulted in a financial settlement.
Cara Delevingne has accused Harvey Weinstein of attempting to coerce her into kissing another woman in his hotel room. She had just begun her acting career and believed they were meeting just to finalize talks for a film role.
Angelina Jolie said she had a "bad experience with Harvey Weinstein in my youth" and refused to work with him subsequently.
Jessica Barth has accused Harvey Weinstein of demanding that she get naked and give him a massage.
Emma de Caunes has accused Harvey Weinstein of unexpectedly getting naked and demanding that she lie down as other women had supposedly done before her.
Lauren Sivan has accused Harvey Weinstein of cornering her in a public space and masturbating to completion in front of her.
Mira Sorvino, seen here at a Weinstein Co. event in January 2017, said that after refusing Harvey Weinstein's advances, he dissuaded others in the industry from hiring her.
Ambra Battilana has accused Harvey Weinstein of groping her breasts and reaching under her skirt. She went to the NYPD and then conducted a sting operation, the audio of which was published by the New Yorker. In the audio, Weinstein can be heard attempting to coerce her to enter his hotel room.
Louisette Geiss has accused Harvey Weinstein of luring her to his hotel room after assuring her he wouldn't hit on her. He then disrobed and repeatedly asked her to watch him masturbate, telling her he would produce her screenplay if she did.
Emily Nestor (far right), a former Weinstein Co. employee, has accused Harvey Weinstein of sexual harassment.
Rosanna Arquette has accused Harvey Weinstein of dissuading others from hiring her after she rejected his sexual advances.
Rose McGowan has publicly accused Weinstein of sexual harassment. She has also accused others in the industry of knowing of Weinstein's misconduct and either actively or passively hiding it.
Ashley Judd has publicly accused Harvey Weinstein of asking her for a massage and then asking her to watch him shower.
Florence Darel has accused Harvey Weinstein of coming onto her in a hotel suite in 1996 while his wife was in the room next door.
Zoe Brock (left, in 2004) has accused Weinstein of getting naked and chasing her around a hotel room after she refused to give him a massage.
Katherine Kendall (right, in 2006) has accused Harvey Weinstein of disrobing and asking for a massage in his apartment after a movie screening, telling her that "everybody does it." He then asked her to at least show him her breasts, which she refused.
Romola Garai has accused Harvey Weinstein of making her feel "violated" when he watched her audition wearing only a bathrobe in his hotel room.
Lea Seydoux has accused Harvey Weinstein of forcibly trying to kiss her on the lips in 2012.
Claire Forlani said she "escaped" Harvey Weinstein on five occasions. He allegedly told her about all the actresses he had slept with and how he had in turn established their careers. He also attempted to get her to give him a massage.
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Burkle and the board have also sparred over the issue of interim payments to keep the company afloat while the sale is pending. That issue had caused the negotiations to fall apart on Feb. 25, after Burkle’s team balked at the board’s demand for $7 million in upfront cash. At a marathon 12-hour negotiation with New York Attorney General Eric Schneiderman last Thursday, Burkle instead agreed to fund the company’s operations week by week.
An initial payment — thought to be about $1.5 million — was due today. But the two sides continued to haggle over the exact dollar amount. They also involved Schneiderman’s office in the dispute, sources tell Variety.
The deal was especially vulnerable to collapse because there is no breakup fee. In the early stages of the negotiations, the two sides had agreed to a $50 million breakup fee, which Burkle’s team would pay to the Weinstein Co. if the deal fell apart during the closing process. That would have provided a powerful incentive for the buyers to close.
But after Schneiderman’s office filed a discrimination lawsuit against the Weinstein Co. on Feb. 11, raising fresh allegations that the board had enabled Harvey Weinstein’s abuses, the terms changed. Burkle and his partner, Maria Contreras-Sweet, paused the negotiations, and when talks resumed, they said they were no longer willing to agree to a breakup fee.
It appears the Weinstein Co. now has little option except to declare bankruptcy.
Harvey Weinstein and celebrities through the years
Harvey Weinstein and celebrities through the years
WEST HOLLYWOOD, CA - JANUARY 27: Harvey Weinstein (L) and actress Meryl Streep attend the Australian Academy Of Cinema And Television Arts International Awards Ceremony at Soho House on January 27, 2012 in West Hollywood, California. (Photo by John Shearer/WireImage)
Lindsay Lohan and Harvey Weinstein at the Grauman's Chinese Theatre in Los Angeles, CA (Photo by Eric Charbonneau/WireImage)
Film producer Harvey Weinstein and actress Gwyneth Paltrow arrive for the 50th anniversary gala of the NFT at the National Film Theatre on the South Bank in London. (Photo by Yui Mok - PA Images/PA Images via Getty Images)
(L-R) Harvey Weinstein and Sarah Jessica Parker attend The Weinstein Co. Celebrates 'I Don't Know How She Does It' Presented By vitaminwater at the Martinez Hotel on May 13, 2011 in Cannes, France.
BEVERLY HILLS, CA - JANUARY 12: Co-Chairman of The Weinstein Company Harvey Weinstein (C) and tv personality Heidi Klum (back, L) and actress Uma Thurman (front, L) attend The Weinstein Company & Netflix's 2014 Golden Globes After Party presented by Bombardier, FIJI Water, Lexus, Laura Mercier, Marie Claire and Yucaipa Films at The Beverly Hilton Hotel on January 12, 2014 in Beverly Hills, California. (Photo by Araya Diaz/Getty Images for The Weinstein Company)
Producer Harvey Weinstein (L) speaks with Jennifer Lawrence during a commercial break at the 20th annual Screen Actors Guild Awards in Los Angeles, California January 18, 2014 REUTERS/Mike Blake (UNITED STATES Tags: ENTERTAINMENT)(SAGAWARDS-SHOW)
SANTA MONICA, CA - JANUARY 10: Harvey Weinstein and Jennifer Lawrence during the 18th Annual Critics' Choice Movie Awards at The Barker Hanger on January 10, 2013 in Santa Monica, California. (Photo by Kevin Mazur/WireImage)
SANTA MONICA, CA - JANUARY 16: Oprah Winfrey and Harvey Weinstein attend the19th Annual Critics' Choice Movie Awards at Barker Hangar on January 16, 2014 in Santa Monica, California. (Photo by Kevin Mazur/WireImage)
SANTA MONICA, CA - JANUARY 10: Actor George Clooney and producer Harvey Weinstein attend the Critics' Choice Movie Awards 2013 with Skinnygirl Cocktails at Barkar Hangar on January 10, 2013 in Santa Monica, California. (Photo by Michael Kovac/WireImage)
Actress Julia Roberts (R) and producer Harvey Weinstein (L) attend the premiere of 'August: Osage County,' December 16, 2013 at the Regal Cinemas at LA Live in Los Angeles, California. AFP PHOTO / Robyn Beck (Photo credit should read ROBYN BECK/AFP/Getty Images)
CAP D'ANTIBES, FRANCE - MAY 25: Harvey Weinstein (L) and Nicole Kidman attend the amfAR Gala Cannes 2017 at Hotel du Cap-Eden-Roc on May 25, 2017 in Cap d'Antibes, France. (Photo by Dave Benett/amfAR2017/Dave Benett/WireImage for amfAR )
NEW YORK, NY - APRIL 25: Harvey Weinstein and Blake Lively attend the 2017 TIME 100 Gala at Jazz at Lincoln Center on April 25, 2017 in New York City. (Photo by Patrick McMullan/Patrick McMullan via Getty Images)
NEW YORK, NY - APRIL 01: (L-R)Harvey Weinstein and Taylor Swift attend 'Finding Neverland' Workshop Presentation At New 42 Studios on April 1, 2014 in New York City. (Photo by Donald Bowers/Getty Images for The Weinstein Company)
NEW YORK, NY - APRIL 13: Harvey Weinstein (L) and Megyn Kelly attend The Hollywood Reporter 35 Most Powerful People In Media 2017 at The Pool on April 13, 2017 in New York City. (Photo by Todd Williamson/Getty Images for The Hollywood Reporter)
NEW YORK, NY - MARCH 08: Harvey Weinstein, and Jay Z speak onstage during TIME AND PUNISHMENT: A Town Hall Discussion with JAY Z and Harvey Weinstein on Spike TV at MTV Studios on March 8, 2017 in New York City. (Photo by Dave Kotinsky/Getty Images for Spike)
LONDON, ENGLAND - FEBRUARY 08: Jennifer Lawrence (L) and Harvey Weinstein attend the 'Silver Linings Playbook' Grey Goose Dinner hosted by Harvey Weinstein and Stephen Fry at Little House on February 8, 2013 in London, England. (Photo by David M. Benett/Getty Images)
LOS ANGELES, CA - FEBRUARY 21:
Co-Chairman of The Weinstein Company Harvey Weinstein (L) and actress/recording artist Jennifer Lopez attend The Weinstein Company's Academy Awards Nominees Dinner in partnership with Chopard, DeLeon Tequila, FIJI Water and MAC Cosmetics on February 21, 2015 in Los Angeles, California. (Photo by Charley Gallay/Getty Images for TWC)
BEVERLY HILLS, CA - FEBRUARY 25: (L-R) Actor Dev Patel, producer Harvey Weinstein and actress Priyanka Bose attend The Weinstein Company's Pre-Oscar Dinner in partnership with Bvlgari and Grey Goose at Montage Beverly Hills on February 25, 2017 in Beverly Hills, California. (Photo by Dimitrios Kambouris/Getty Images for The Weinstein Company)
BEVERLY HILLS, CA - FEBRUARY 25: (L-R) Producer Harvey Weinstein, actress Tracee Ellis Ross and fashion designer Zac Posen attend The Weinstein Company's Pre-Oscar Dinner in partnership with Bvlgari and Grey Goose at Montage Beverly Hills on February 25, 2017 in Beverly Hills, California. (Photo by Rich Polk/Getty Images for The Weinstein Company)
BEVERLY HILLS, CA - JANUARY 11: (L-R) Recording artist Taylor Swift, musician Este Haim, actress Jaime King, producer Harvey Weinstein and recording artist Lorde attend The Weinstein Company's 2015 Golden Globe Awards After Party with Moet & Chandon at The Beverly Hilton Hotel on January 11, 2015 in Beverly Hills, California. (Photo by Michael Kovac/Getty Images for Moet & Chandon)
NEW YORK, NY - FEBRUARY 15: Harvey Weinstein and Anna Wintour attend the Marchesa Fashion show during New York Fashion Week: The Shows at Skylight Clarkson Sq on February 15, 2017 in New York City. (Photo by Gonzalo Marroquin/Patrick McMullan via Getty Images)
PARK CITY, UT - JANUARY 25: Executive Producer Harvey Weinstein (L) and executive producer and rapper Shawn 'Jay-Z' Carter attend the 'TIME: The Kalief Browder Story' Sundance World Premiere at The Marc Theatre on January 25, 2017 in Park City, Utah. (Photo by Neilson Barnard/Getty Images for Spike TV)
LONDON, ENGLAND - DECEMBER 08: Harvey Weinstein (L) and Suki Waterhouse attend The London Evening Standard British Film Awards at Claridge's Hotel on December 8, 2016 in London, England. (Photo by David M. Benett/Dave Benett/Getty Images)
HOLLYWOOD, CA - SEPTEMBER 07: (L-R) Music Producer Terry Lewis, recording artist Usher and C0-Chair of Weinstein Co., Harvey Weinstein attend the ceremony honoring Usher with a Star on the Hollywood Walk of Fame on September 7, 2016 in Hollywood, California. (Photo by Frank Trapper/Corbis via Getty Images)
Producer Harvey Weinstein and actress Amanda Seyfried attend the Audi celebrates 'The King's Speech' awards season party held at Chateau Marmont on February 7, 2011 in Los Angeles, California.
NEW YORK, NY - SEPTEMBER 08: Supermodel Heidi Klum and Producer Harvey Weinstein pose at the Project Runway fashion show during New York Fashion Week: The Shows at Gallery 1, Skylight Clarkson Sq on September 8, 2017 in New York City. (Photo by Dimitrios Kambouris/Getty Images For NYFW: The Shows)
LOS ANGELES, CA - JANUARY 18: (L-R) Director David O. Russell, actress Jennifer Lawrence and co-chairman of The Weinstein Group Harvey Weinstein attend 20th Annual Screen Actors Guild Awards at The Shrine Auditorium on January 18, 2014 in Los Angeles, California. (Photo by Christopher Polk/WireImage)
NEW YORK, NY - JUNE 20: Leonardo DiCaprio attends a Hillary Victory Fund fundraiser at the residence of Harvey Weinstein on June 20, 2016 in New York City. (Photo by Raymond Hall/GC Images)
NEW YORK, NY - FEBRUARY 10: Film producer Harvey Weinstein and chef Sandra Lee attend the 2016 amfAR New York Gala at Cipriani Wall Street on February 10, 2016 in New York City. (Photo by Gilbert Carrasquillo/FilmMagic)
NEW YORK, NY - SEPTEMBER 13: Harvey Weinstein and Tamron Hall attend the Marchesa fashion show during New York Fashion Week: The Shows at Gallery 1, Skylight Clarkson Sq on September 13, 2017 in New York City. (Photo by Nicholas Hunt/Getty Images For NYFW: The Shows)
HOLLYWOOD, CA - DECEMBER 07: (L-R) Producer Harvey Weinstein, actors Channing Tatum, and Jenna Dewan attend the world premiere of 'The Hateful Eight' presented by The Weinstein Company at Le Jardin on December 7, 2015 in Hollywood, California. (Photo by Charley Gallay/Getty Images for The Weinstein Co)
NEW YORK, NY - SEPTEMBER 16: Bette Midler (C)and daughter Sophie von Haselberg and Harvey Weinstein attend the Marchesa fashion show during Spring 2016 New York Fashion Week at St. Regis Hotel on September 16, 2015 in New York City. (Photo by Gary Gershoff/WireImage)
NEW YORK CITY, NY - NOVEMBER 28: Dame Judi Dench and Harvey Weinstein attend A Special Screening of 'Mrs. Henderson Presents' at MGM screening room on November 28, 2005 in New York City. (Photo by Clint Spaulding/Patrick McMullan via Getty Images)
LOS ANGELES, CA - FEBRUARY 21: (L-R) Actress/recording artist Jennifer Hudson, Co-Chairman of The Weinstein Company Harvey Weinstein, and actress Kerry Washington attend The Weinstein Company's Academy Awards Nominees Dinner in partnership with Chopard, DeLeon Tequila, FIJI Water and MAC Cosmetics on February 21, 2015 in Los Angeles, California. (Photo by Charley Gallay/Getty Images for TWC)
BERLIN, GERMANY - FEBRUARY 09: Harvey Weinstein and Helen Mirren attend the 'Woman in Gold' press conference during the 65th Berlinale International Film Festival at Grand Hyatt Hotel on February 9, 2015 in Berlin, Germany. (Photo by Pascal Le Segretain/Getty Images)
TORONTO, ON - SEPTEMBER 09: Filmmaker Harvey Weinstein with musician Taylor Swift arrives at the 'One Chance' Premiere during the 2013 Toronto International Film Festival at Winter Garden Theatre on September 9, 2013 in Toronto, Canada. (Photo by Alberto E. Rodriguez/Getty Images)
LOS ANGELES, CA - APRIL 20: Actress Jennifer Lawrence (L) and producer Harvey Weinstein attend the 24th Annual GLAAD Media Awards at JW Marriott Los Angeles at L.A. LIVE on April 20, 2013 in Los Angeles, California. (Photo by Jason Merritt/Getty Images for GLAAD)
PALM SPRINGS, CA - JANUARY 04: Actress Julia Roberts and producer Harvey Weinstein arrive at the 25th annual Palm Springs International Film Festival awards gala at Palm Springs Convention Center on January 4, 2014 in Palm Springs, California. (Photo by Jeff Vespa/Getty Images for PSIFF)
PARK CITY, UT - JANUARY 24: (L-R) Producer Harvey Weinstein, model Chrissy Teigen, and musician John Legend attend Samsung Studio and Harvey Weinstein Host Annual Weinstein Sundance Bowl Football Party During The Sundance Film Festival 2016 on January 24, 2016 in Park City, Utah. (Photo by Neilson Barnard/Getty Images for Samsung)
HOLLYWOOD, CA - JANUARY 10: Singer Gwen Stefani and Producer Harvey Weinstein attend the premiere of TWC-Dimension's 'Paddington' held at the TCL Chinese Theatre IMAX on January 10, 2015 in Hollywood, California. (Photo by Mark Davis/Getty Images)