Tags: goldman | sachs | weinstein | stake | harvey

Goldman Sachs Exploring Options for Stake in Weinstein Company

Goldman Sachs Exploring Options for Stake in Weinstein Company

Friday, 13 October 2017 01:07 PM

Goldman Sachs Group Inc. said on Friday it was exploring options for the stake it holds in the Weinstein Co. following allegations of sexual harassment against co-Chairman Harvey Weinstein.

"There is no place for the inexcusable behaviour that had been reported, and we strongly condemn it," Andrew Williams, a spokesman for Goldman, said in an email.

He said Goldman held a stake worth less than $1 million in The Weinstein Co., the film studio that Harvey co-founded with his brother Bob.

Harvey Weinstein, who has produced or distributed Oscar-winning movies including "Shakespeare in Love" and "Chicago," was ousted from the Weinstein Co. on Sunday.

The bank was an initial investor in the studio when the brothers founded it in 2005.

The Weinstein Company did not respond to emails and calls seeking comment. 

The Financial Times previously reported that the bank was evaluating its stake.

© 2018 Thomson/Reuters. All rights reserved.

   
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Goldman Sachs Group Inc. said on Friday it was exploring options for the stake it holds in the Weinstein Co. following allegations of sexual harassment against co-Chairman Harvey Weinstein.
goldman, sachs, weinstein, stake, harvey
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2017-07-13
Friday, 13 October 2017 01:07 PM
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