A group of mostly female investors last week reached an agreement to buy The Weinstein Company for around $500 million, led by Maria Contreras-Sweet who formerly worked in the Obama administration. She is expected to run the new board of directors, which will be composed of mostly women.
A group of mostly female investors reached an agreement to buy The Weinstein Company for around $500 million, Glamour has reported.
Contreras-Sweet said in a statement that "the cornerstone of our plan has been to launch a new company that represents the best practices in corporate governance and transparency…. I have had a long-standing commitment to fostering women ownership in business. This potential deal is an important step to that end."
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