Movie mogul Harvey Weinstein’s eponymous production house has reportedly started negotiating a potential sale of the company to private-equity firm Colony Capital, The Wall Street Journal reported Monday. The Weinstein Company also said that the two companies entered an agreement that the firm will provide an immediate infusion of cash, though the exact sum was not disclosed. Colony Capital is run by Tom Barrack, Jr., a friend and close ally of President Trump. The talks come about a week after Weinstein was fired after several women accused him of sexual assault. On Friday, the company denied all reports that it was up for sale or being dismantled.
