Maria Contreras-Sweet, the former head of the U.S. Small Business Administration (SBA), has submitted an offer to acquire the Weinstein Co., a spokeswoman for the U.S. film and TV studio said on Sunday, Reuters reported. Contreras-Sweet has put together a consortium of investors who have offered $275 million for The Weinstein Co. The bid comes after the movie studio secured a $20 million cash infusion from the sale of the children’s movie “Paddington 2” last week to Warner Brothers Pictures, a unit of Time Warner Inc. The Weinstein Co.’s co-chairman Harvey Weinstein stepped down last month following sexual assault allegations. The movie studio, known for hit movies including “The King’s Speech” and “Silver Linings Playbook,” has been trying to find a buyer or rescue financing after more than 50 women claimed that Harvey Weinstein sexually harassed or assaulted them over the past three decades.
