Lantern Capital To Win Weinstein Company Assets By Default; No Major Bids Were Made

EXCLUSIVE: The bidding for the distressed assets of The Weinstein Company is over, sources said. Lantern Capital’s $435 million stalking horse bid will win the day. There was only one other bid — Sonar Entertainment bid for TV assets — and it wasn’t in the ballpark of Lantern’s offer to keep the company going. To the surprise of everyone involved, numerous rival bids never materialized. As a result, plans for a May 4 auction will be scrapped. Instead, meetings with the…

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