The Weinstein Company to pursue bankruptcy after potential sale collapses

The Weinstein Company intends to file for bankruptcy after talks on a sale to an investor group apparently broke down, according to a memo obtained by ABC News.
3:00 | 02/26/18

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Transcript for The Weinstein Company to pursue bankruptcy after potential sale collapses
The Weinstein company's expected to file for bankruptcy after a last ditch effort to sell its assets fell through. The decision comes after the board of directors was unable to close a 500 million dollar deal with an investor group. The study of the study has been. I'm dogged by controversy ever since its co-founder Harvey Weinstein was accused of countless instances. But sexual assault filmmaker Kevin Smith is on the mend following a massive heart attack the New Jersey native. Tweeted that he was treat it for completely blocked artery. He added that his doctor said that his decision to cancel a show last night and go to the hospital saved his life. Smith told us fans for now I'm still above grounds.

This transcript has been automatically generated and may not be 100% accurate.

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