The group planning to purchase Weinstein Co. is backing out of the sale, Bloomberg reports, after "an examination raised questions about the viability" of the studio.
Why it matters: The $500 million deal that was reached just four days ago included $250 million to pay off debts and $275 million in investments. Maria Contreras-Sweet, who leads the group which included billionaires Ron Burkle and Len Blavatnik, said "she would consider acquiring Weinstein assets if they become available in bankruptcy," Bloomberg reports.