"Goldman Sachs Marks Weinstein Company Stake Down to Zero"
From Fortune:
Goldman Sachs
has written down to zero the value of its stake in the Weinstein
Company, the movie studio whose co-chairman Harvey Weinstein stepped
down last month following sexual assault allegations, a person familiar
with the matter said on Monday.
Goldman Sachs’ move comes as the Weinstein Company
looks for fresh financing after more than 50 women claimed that
Weinstein sexually harassed or assaulted them over the past three
decades.
Weinstein has denied having non-consensual sex with
anyone. Reuters has been unable to independently confirm any of the
allegations.
Last month, Goldman Sachs said it was trying to find a
buyer for its stake in the Weinstein Company. A Goldman Sachs spokesman
had said at the time that the bank valued the stake at less than $1
million.
The source did not disclose how much of the Weinstein Company Goldman
Sachs owns, but described the stake as small. He asked not to be
identified because the bank has not publicly released its latest
valuation....MORE