The sale of The Weinstein Company and its assets to stalking-horse bidder Lantern Asset Capital seemed all but a done deal Monday after the bankruptcy court’s deadline for bids had passed.
Around lunchtime on Tuesday, however, veteran Broadway producer Howard Kagan’s Inclusion Media submitted a bid similar to Lantern Capital’s $310 million proposal to buy The Weinstein Co.’s assets and keep the production company running.
Kagan had asked for an extension to the April 30, 5 p.m. ET deadline set by the Delaware bankruptcy court so it’s unclear whether Kagan’s bid will even be considered.
Kagan told TheWrap that he asked for an extension because he and his company felt they didn’t have all of the information and context surrounding TWC contracts that they needed to confidently submit an offer.