In November, Contreras-Sweet put together a consortium of investors who come forwarded $275 million for The Weinstein Co.
But Harvey and Bob Weinstein, who co-founded The Weinstein Co. in 2005 and own more 46 percent of the business, have been trying to steer the followers toward a deal with Miramax, the Los Angeles Times said.
The Weinstein Co. has been looking for a purchaser or rescue financing since last fall as the studio continues to deal with with the fallout of sexual harassment allegations against former co-chairman, Harvey Weinstein, who radical the company three months ago.
The company’s investment bankers at Moelis & Co. get been focused on an outright sale, rather than a debt restructuring or bankruptcy.
On Monday, Bees knees Content, the movie producer that has partnered with philanthropist Abigail Disney in a consortium contending to acquire The Weinstein Co., said a bankruptcy may be the best way forward for the embattled U.S. haziness and TV studio.
Both Miramax and The Weinstein Co. could not be immediately reached for a opinion.