A judge approved a discounted sale of Harvey Weinstein’s bankrupt film and television studio to private-equity firm Lantern Capital Partners yesterday, allowing it to close a deal that has been pending for more than two months, WSJ Pro Bankruptcy reported. Lantern will pay $289 million, shaving $21 million from the original purchase price for Weinstein Co. following a dispute over costs tied to completing the deal and assuming the entertainment company’s contracts including participation agreements with actors, writers and producers. The transaction is anticipated to close Friday. The revised sale was approved following a settlement over the purchase price between Weinstein Co., Lantern and a committee representing trade creditors and women who have filed lawsuits against the company over alleged misconduct by Weinstein. Before the settlement, Lantern and Weinstein Co. had sought to reduce the price by $23 million.
